Asset Class Return Expectations and Allocations of Sophisticated Investors
November 26, 2019 - Equity Premium, Investing Expertise
What are asset class return expectations and associated portfolio allocations of very sophisticated U.S. investors? In their February 2019 paper entitled “The Return Expectations of Institutional Investors”, Aleksandar Andonov and Joshua Rauh analyze disclosures of expected returns across asset classes among U.S. public pension funds, which hold assets of about $4 trillion (see the first… Keep Reading