Bloomberg carried an article (Oct 20th) that mentioned the guy who manages the Nevada Pension Fund, Edmundsen if I remember right. He has a low cost, low turnover asset allocation, nothing too fancy... and does quite well for the state. Spends a fair amount of time looking at alternative approaches, but gets a lot of practice saying 'no' to changes and to wall street salesmen. I'd love that job.
Bloomberg carried an article (Oct 20th) that mentioned the guy who manages the Nevada Pension Fund, Edmundsen if I remember right. He has a low cost, low turnover asset allocation, nothing too fancy... and does quite well for the state. Spends a fair amount of time looking at alternative approaches, but gets a lot of practice saying 'no' to changes and to wall street salesmen. I'd love that job.