Portfolio Allocation for Public Pension Funds

George Pennacchi & Mahdi Rastad
Published Date
Copyright 2011
DOI 10.1017/S1474747211000102
Book: The Economics of State and Local Pensions
Book organizers: Jeffrey R. Brown & Robert L. Clark
PUBLISHER: Journal of Pension Economics and Finance 10 (2)

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Portfolio Allocation for Public Pension Funds
- Working Paper
This paper presents a dynamic model of a public pension fund's choice of portfolio risk. Optimal portfolio...

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