Ron Elmer crunches the numbers on the recent performance of the NC Pension Fund and yet again finds that the fund has underperformed a simple basket of Vanguard funds.
This isn't just bad luck. It is exceptionally bad decision making. Here's to hoping that the next Treasurer will do a better job.
A Finance Professor's blog. I am a Professor of Finance in the Poole College of Management at NC State University. My website: https://sites.google.com/ncsu.edu/warr Opinions are my own.
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