Pension / endowment funds could have a passive investment approach
Private equity firms could become zombies
Endowment fund managers could be more skilled / have superior investment committees / broader knowledge bases / better investing models / bigger size than other institutional investors
Public pensions could be too high in some places / to some people / could be capped at some amount
Public pensions could be invested in transparent, audited companies / have open contracts
"Embedded growth obligations" could distort capitalism and market efficiency
Private equity could disclose fees / real performance as well as be audited independently
Venture capital / impact investing / angel investing / private equity / hedge funds / institutional investors could take ESG / world issues into account
The investment consulting industry could not have value
Passive investing could be better than active investing
Public pensions could be managed by qualified investment managers and/or an independent board
Public pensions could become defined contribution plans
