New Pension Report Just Released on Hedge Funds and Private Equity
Here is a link to a just-released report from the U.S. Accountability Office, entitled "Defined Benefit Plans: Guidance Needed to Better Inform Plans of the Challenges and Risks of Investing in Hedge Funds and Private Equity."
In terms of full disclosure, Pension Governance, LLC provided its authors with background information about risk management and valuation considerations. Having just received this now public document, I will read it more thoroughly at a later time and report back. It looks like a comprehensive analysis.
I am off to provide testimony as part of today's meeting about "Hard to Value Assets." The meeting is being held at the request of the ERISA Advisory Council. My submitted testimonial statement will be uploaded in the next few days.
