Are Sovereign Funds Correctly Assessing Risk in Their Illiquid Portfolio
Posted on 02/09/2014
Asset-heavy sovereign wealth funds and public pensions are widely recognized for holding a considerable amount of illiquid assets, particularly in private equity and real estate. For example, the California Public Employees’ Retirement System in October 2013, held 20% in private equity and real estate. The California pension goliath is attempting to unwind a portion of […]
- Alternatives
- Asset Allocation
- CalPERS
- GIC Private Limited
- Government of Singapore Investment Corporation
- Harvard
- illiquidity premium
- NPRF
- Private Equity
- Sovereign Wealth Fund
