19.03.2010 - An alternative to 'alternative' assets
From WSJ: "The biggest thought is, we wanted to make sure we grouped assets so we understood why we owned them and what we expected them to do in various scenarios," says Michael Burns, chief executibe of Alaska's $35 billion Permanent Fund Corp., which changed its categories for assets last year. Public pensions are increasingly asking a question that has haunted investors since the financial crisis: When is an alternative investment really more of the same?.....................................Full Article: Source
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