Sa For Fas

The Financial Times reports that Calpers is seeking to juice returns through the use of leverage. This podcast (6:30) suggests a pension fund shouldn’t borrow heavily to goose up returns, especially as big institutions do not win all their bets. The conservative approach adopted by the Yale Endowment does far more to deliver returns and ensure the payment of pension benefits.Learn more about your ad choices. Visit megaphone.fm/adchoices