The Case for Liquid Alternatives in Defined-Contribution Plans

被引：4
|
作者：
Kupperman, David [1 ,2 ]
Kilgallen, Scott [3 ]
机构：
[1] Neuberger Berman New York, NBAIM, New York, NY 10104 USA
[2] Neuberger Berman New York, New York, NY 10104 USA
[3] Neuberger Berman New York, Financial Inst Grp, New York, NY USA
来源：
JOURNAL OF ALTERNATIVE INVESTMENTS | 2015年 / 17卷 / 03期
关键词：
D O I：
10.3905/jai.2014.17.3.059
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Defined-contribution plans are rapidly becoming the primary retirement saving vehicle for most U.S. employees. Currently, 69% of private-sector workers have access to defined-contribution plans but only 7% have access to defined-benefit plans. Yet, defined-contribution plans have not kept up with defined-benefit plans when it comes to investing in alternative investment strategies, such as hedge funds, private equity, and infrastructure. Such allocations have played an important role in improving the risk-return characteristics of defined-benefit portfolios and have contributed to their outperformance of defined-contribution plans. © 2015, Institutional Investor, Inc. All rights reserved.
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页码：59 / 66
页数：8
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