All but one of the top 25 performing public pension funds had above-average allocations to alternatives, according to a Cliffwater report.
The average alternatives allocation for the top performers was 29 percent, compared to 25 percent among all public pensions, according to the alternative consultant's latest figures.
The total universe of state pension funds last year added 1 percent to their alternative allocations, mostly moving assets from fixed income. In 2006, that figure was just 10 percent.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
