West Loop Financial LLCWhen Board Members Hurt Returns – West Loop Financial LLC https://www.westloopfinancial.com Evolutionize Site Wed, 19 Aug 2020 20:50:49 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.22 When Board Members Hurt Returns https://www.westloopfinancial.com/2016/07/11/when-board-members-hurt-returns/ https://www.westloopfinancial.com/2016/07/11/when-board-members-hurt-returns/#respond Mon, 11 Jul 2016 09:00:26 +0000 http://evolvemypractice.com/?p=2968 The investment policies of state and local government pension systems have shifted markedly in recent years toward alternative investment classes, such as private equity, real estate and venture capital. For example, as of January 2016, the California Public Employees’ Retirement System (or CalPERS) had almost 20% of its $276 billion portfolio invested in these asset...

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]]> The investment policies of state and local government pension systems have shifted markedly in recent years toward alternative investment classes, such as private equity, real estate and venture capital. For example, as of January 2016, the California Public Employees’ Retirement System (or CalPERS) had almost 20% of its $276 billion portfolio invested in these asset classes, compared with just 13% in 2001.

This shift raises the stakes in understanding how governance structures can impact the creation and preservation of value for pension systems, their sponsoring governments and the employee beneficiaries.

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