Pensions & Investment, November 24, 2008

Barry Burr reports that public pension plans are better positioned than other institutions to recover from the worldwide financial market collapse because they rebalance regularly, follow leading peer funds, and keep their long-term strategic asset allocation.

This is according to Christian E. Weller, associate professor of public policy at the University of Massachusetts, Boston, at a teleconference unveiling a study commissioned by the National Institute on Retirement Security.

The study, “In It for the Long Haul: The Investment Behavior of Public Pensions,” examined patterns on how public pension plans reacted in past market crisis, especially the 2000-2001 market downturn, to gauge how they might respond to the current extreme volatility in the markets.

Read the full article here .