The Oracle of Tampa and the Modern Portfolio Theory (MPI)
The fund’s star manager may dismiss Modern Portfolio Theory – but MPT has no trouble explaining his returns.
The fund’s star manager may dismiss Modern Portfolio Theory – but MPT has no trouble explaining his returns.
As with other actuarial assumptions, projecting public pension fund investment returns requires a focus on the…
MFS proposes that now might be the time for plan sponsors who have closed or frozen their DB plans to give these…
Achieving the goal of high funding brings change and challenges for plan sponsors.