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This is your daily pension announcement. The Pension War Room™️continues to act in place of a hog manure pump. AIMCO total return was 14.7% last year and ATRF returned 15.6%.
Yet these numbers tell us very little about performance.#handsoffmypension
Yet these numbers tell us very little about performance.#handsoffmypension
Short time periods are unreliable, as well we need to separate out the skills of the portfolio manager from the movement of the general market. We would do this by looking at the 10-year value add above the benchmark return (think index fund). #AbLeg
The 10 year value add at ATRF is 0.8%.
The 10 year value add for AIMCO's balanced fund (mainly pensions) is 0.5%.
Most pension funds have a value add target of around 0.7% to 0.85% depending on risk. This is the information that should have been in the "business case". #AbLeg
The 10 year value add for AIMCO's balanced fund (mainly pensions) is 0.5%.
Most pension funds have a value add target of around 0.7% to 0.85% depending on risk. This is the information that should have been in the "business case". #AbLeg
