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Does Public Pension Board Composition Impact Returns? (PDF)
Center for Retirement Research at Boston College Link to more items from this source
Aug. 6, 2019

"The effectiveness of pension boards depends on their structure, composition, size, and member tenure. Based on best practices for each factor, this analysis constructs a 'Board Effectiveness Index' for 145 pension funds. The results show that a higher Index score is associated with a higher 10-year investment return on fund assets."

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