Public Pensions, Private Pursuits

The latest Debtwire Municipals Muni Lowdown podcast features Managing Editor Paul Greaves discussing public pensions with Jean-Pierre Aubry, associate director of state and local research at the Center for Retirement Research at Boston College and Curation Editor Stephanie Fagnani.

Jean-Pierre kicks off the podcast by providing his thoughts on what “private credit” means in the context of public pension investments.

The conversation shifts to the growing trend of public pension plans employing active management of their portfolio. Jean-Pierre offers his perspective on whether active management significantly improves plan performance.

Jean-Pierre then explains how he addressed limitations in his research that compared active vs passive management.

Jean-Pierre transitions into an explanation of what metrics are important to review when assessing the financial health of a public pension plan.

Jean-Pierre concludes with a discussion on the overall performance of public pension plans over the last several years.