How Public Pensions Are Getting Smart About Infrastructure

2015-09-29T17:54:32-07:00September 29th, 2015|Categories: Defined Benefit Plans|Tags: , , |

By cutting out the middlemen, our pension funds are harnessing the power of their capital. While American politicians talk about changing public policy to increase investment in U.S. infrastructure, America’s public pension funds are investing their money in infrastructure overseas. The largest U.S. public pension fund, the California Public Employees’ Retirement System (CalPERS), recently announced a $1 billion deal with Queensland Investment Corp. (QIC), an Australian pension fund, to invest in Australian and Asian Pacific infrastructure. […]