Dutch research has found that pension funds with longer horizons do hold more illiquid assets, but the correlation wanes after about 17 years and other factors also affect illiquidity tolerance.
Dirk Broeders, Kristy Jansen and Bas WerkerApril 27, 2017
As another fiscal year draws to a close Tim Walsh, director of the New Jersey Division of Investment, investment managers of the $75.64-billion New Jersey Pension Fund, reflects on another good year. “It’s been a double-digit year with the best asset classes, plain vanilla US equities and structured credit,” he says speaking from the Division […]
Sarah RundellJuly 19, 2013