Brandes: Illusions of Precision, Completeness, and Control – ValueWalk Premium
Risk Maynard monthly returns 1014

Brandes: Illusions of Precision, Completeness, and Control

Low yields and fairly full equity valuations put pension funds in an awkward position. Too much reliance on Treasury bonds or other very low risk securities makes it hard to account for future liabilities, but investing in riskier assets that put principal in jeopardy is usually constrained (and rightly so). But for Public Employment Retirement System of Idaho (PERSI) CIO Bob Maynard, the problem isn’t that fund managers are ignoring risk, it’s that they overestimate their ability to control it.

“The Financial Crisis . . .

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email support@valuewalk.com or click Chat.


X
Saved Articles
X
TextTExtLInkTextTExtLInk
Here’s a Tip: Read What Professional Investors Read

ValueWalk Premium is for investors looking to improve their investment process AND keep up-to-date on the latest industry trends.

It’s THE resource for value investing and hedge funds.   

And with a free three-day trial and $29.99 per month thereafter, it’s a value in its own right.

SIGN UP NOW
0