Performance of retirement funds in efficient markets: Case of the Oregon Public Employee Retirement Fund.

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Todd M. Shank

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Excerpt: “The purpose of this study is to compare the performance (on a risk-return basis) of the OEF (all money managers hired by the OPERF) to the overall market, the performance of the managers fired by the OPERF to those managers the fund chose to retain, and to compare the performance of both the retained and fired managers to the overall market. This investigation will provide insights not only into the efficiency of the financial markets in which the OEF participates, but also into the specific investment strategy changes made by the OPERF in an attempt to maximize pensioners' return.” (p.60)


Excerpt only. At this time, full-text article is available only through licensed access provided by the publisher. Published in American Business Review, 17(2), 59-69. Members of the USF System may access the full-text of the article through the authenticated link provided.




University of New Haven, School of Business

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Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.