Financial Analytics Journal

Hedge Funds

Risks are multi-faceted and evolving: Litterman

If Robert Litterman were a CIO of a public pension plan he would not try to hit an “unrealistic return target”. There is a serious problem with US public pension funds and the “unrealistic commitments and unrealistic return targets” they have set, says Robert Litterman, co-developer of the Black-Litterman Global Asset Allocation model and risk […]