Kroll Bond Rating Agency (KBRA) releases a report on public pensions, The Big Shift: Did Public Pension Bets Pay Off? Recent volatility in the equity markets begs an important question. Did the dramatic shift toward alternative investment assets embraced by so many public pension funds pay off? Or is it an emerging cautionary tale of when something is too good to be true, it probably isnt? Given recent equity market volatility, KBRA considers these questions in the context of investment returns for public pensions.
To view the report, click here.
Related Publications: (available at www.kbra.com)
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- Rating Changes Should Reflect Changing Risk, Not Changing Minds
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About KBRA and KBRA Europe
KBRA is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus, is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider, and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.
William Cox, Managing Director
Barry Weiss, CFA, Senior Director
Peter Giacone, Senior Director
Justin Schneider, Senior Analyst