Is Transparency the Answer? Reconciling the Fiduciary Duties of Public Pension Plans and Private Funds, in 2016 Private Fund Report: Public Pension Plans and Private Funds - Common Goals, Conlicting Interests (2016)

Authors

Cary Martin Shelby, Washington and Lee University School of LawFollow

Files

Description

Public pension plans manage over $3 trillion in assets on behalf of millions of state and local government workers across the country. The trustees of such plans (“Trustees”) invest the bulk of these assets into a variety of equities and bonds, with the hopes of earning sufficient returns to finance the retirement of these countless public sector workers. In recent years however, Trustees have grown more creative in selecting their underlying investment allocations. Alternative investments, such as hedge funds and private equity funds for example provide unique opportunities for Trustees to maximize returns, protect against declining markets, and to diversify their underlying portfolios.

ISBN

N/A

Publication Date

2016

Publisher

Lowell Milken Institute for Business Law and Policy & UCLA School of Law

Disciplines

Law | Securities Law | State and Local Government Law

Repository Citation

Cary M. Shelby, Is Transparency the Answer? Reconciling the Fiduciary Duties of Public Pension Plans and Private Funds, in 2016 Private Fund Report: Public Pension Plans and Private Funds - Common Goals, Conlicting Interests (2016),
https://scholarlycommons.law.wlu.edu/fac_books/123