Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 8 July 2021
Revision date: 14-Jul-2021
Length: 13 pages
Data source: Published sources
Abstract
Nickol Hackett, chief investment officer of the Cook County Pension Fund, is responsible for investing the fund's USD9 billion worth of assets on behalf of the employees of Cook County, Illinois. Like many other defined-benefit pensions at the time, the Cook County pension faces a funding shortfall, meaning that the value of its assets is below the value of its future obligations to retirees. Hackett can invest in fixed income securities, public equities, and alternative assets such as hedge funds, real estate, or private equity. What are the costs and benefits of each asset class? Should the funding status of the pension impact the asset allocation process? How should Hackett invest in order to grow the value of the fund's assets and secure the retirement benefits for thousands of Cook County's employees?
Industry:
Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 3 March 2020
Revision date: 16-Mar-2020
Length: 26 pages
Data source: Published sources
Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 6 September 2022
Revision date: 14-Sep-2022
Format:
.xlsx
Data source: Published sources
About
Abstract
Nickol Hackett, chief investment officer of the Cook County Pension Fund, is responsible for investing the fund's USD9 billion worth of assets on behalf of the employees of Cook County, Illinois. Like many other defined-benefit pensions at the time, the Cook County pension faces a funding shortfall, meaning that the value of its assets is below the value of its future obligations to retirees. Hackett can invest in fixed income securities, public equities, and alternative assets such as hedge funds, real estate, or private equity. What are the costs and benefits of each asset class? Should the funding status of the pension impact the asset allocation process? How should Hackett invest in order to grow the value of the fund's assets and secure the retirement benefits for thousands of Cook County's employees?
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Industry:
Related
Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 3 March 2020
Revision date: 16-Mar-2020
Length: 26 pages
Data source: Published sources
Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 6 September 2022
Revision date: 14-Sep-2022
Format:
.xlsx
Data source: Published sources