Georgia On My Mind (Cont.)
I recently criticized Georgia for being the only state to prohibit its public pension system from investing in alternative assets like venture capital and private equity. One thing I really wanted to know was if pension system officials were supportive of the ban, or if they'd advoated for a change. Sadly, I was unable to get anyone willing to comment on such matters. Today, however, I received a call from W. Daniel Ebersole, director of the Georgia Office of Treasury and Fiscal Services (he apparently was on vacation earlier this week). Ebersole said that he strongly supports a policy change, because a "modest asset allocation to alternative investments would enhance our performance through diversification."
27 August 2009•1 min read
