Pension / endowment funds could have a passive investment approach
By Hicbd
Fri Oct 4 2024 2:31 pm
"Steve Edmundson has no co-workers, rarely takes meetings and often eats leftovers at his desk. With that dynamic workday, the investment chief for the Nevada Public Employees’ Retirement System is out-earning pension funds that have hundreds on staff. His daily trading strategy: Do as little as possible, usually nothing....Now many public pension funds are embracing Nevada’s do-nothing approach as they wrestle with dwindling cash and low interest rates"
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