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Do Public Pensions Need a Shift in Investment Strategies?
PLANSPONSOR; registration may be required 
Dec. 9, 2021 "A composite of 46 large public funds underperformed a passively investable benchmark by 155 basis points (bps) per year for the 12 years ended June 30, 2020. The composite underperformed the benchmark in 11 years out of 12 ... [T]hat underperformance of 155 bps per year costs stakeholders nearly $70 billion a year." |
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