Performance of retirement funds in efficient markets: Case of the Oregon Public Employee Retirement Fund.Faculty Publications
AbstractExcerpt: “The purpose of this study is to compare the performance (on a risk-return basis) of the OEF (all money managers hired by the OPERF) to the overall market, the performance of the managers fired by the OPERF to those managers the fund chose to retain, and to compare the performance of both the retained and fired managers to the overall market. This investigation will provide insights not only into the efficiency of the financial markets in which the OEF participates, but also into the specific investment strategy changes made by the OPERF in an attempt to maximize pensioners' return.” (p.60)
PublisherUniversity of New Haven, School of Business
Creative Commons LicenseCreative Commons Attribution-Noncommercial-No Derivative Works 4.0
Citation InformationAdrangi, B. & Shank, T. (1999). Performance of retirement funds in efficient markets: Case of the Oregon Public Employee Retirement Fund. American Business Review, 17(2), 59-69.