After ten years, many public pensions system still suffer wounds from the 2008 financial crisis. For these pension system, the period from then until now has been marked with low contributions and volatile returns. To mitigate this situation, public pensions have turned to alternative investments to reap much-needed returns.
It's no secret that this year has been a volatile one for the markets. The S&P 500 is down 18% year to date, while the Nasdaq Composite is off by 27% year to date. Meanwhile, the