Refuting an attack on indexation
Probably the best money management blog out there is Andy Silton's "Meditations on Money Management". Andy is a retired professional, who although in his earlier days was an active manager, now fully...
View ArticleNC Pension Fund Returns - what is the benchmark?
Ron Elmer has an excellent blog posting showing that although the NC pension fund outperforms its own "custom" benchmark, it has lagged the median return for all public pension funds over 1,2, 5, and...
View ArticleThe Truth about the NC Pension Fund performance.
An Op-Ed in todays News and Observer. Summary: When the fund sets its own benchmarks, you shouldn't be surprised when it beats them. But compared to the rest of the USA, NC is 43rd (of 47) in terms...
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