Should the Equities in the North Carolina State Employees’ Pension Fund Be Indexed or Actively Managed?

20 Pages Posted: 25 Feb 2016 Last revised: 24 May 2016

See all articles by Edward Tower

Edward Tower

Duke University - Department of Economics

Date Written: May 19, 2016

Abstract

R. Ron Elmer is running for Treasurer of the State of North Carolina. He is aware that the high expenses and high turnover associated with active management of portfolios reduce returns. Part of Elmer’s platform is to replace active management of stock mutual funds, private equity, real estate funds, real estate partnerships, hedge funds and commodity funds with an index investment strategy, managed in house.

Suggested Citation

Tower, Edward, Should the Equities in the North Carolina State Employees’ Pension Fund Be Indexed or Actively Managed? (May 19, 2016). Economic Research Initiatives at Duke (ERID) Working Paper No. 210, Available at SSRN: https://ssrn.com/abstract=2737089 or http://dx.doi.org/10.2139/ssrn.2737089

Edward Tower (Contact Author)

Duke University - Department of Economics ( email )

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