Public Investors, Private Funds, and State Law
WW Clayton - Baylor L. Rev., 2020 - HeinOnline
Baylor L. Rev., 2020•HeinOnline
… This Article considers the role of state law in this new era of massive investment by public
plans in private funds. State pension law has historically … After outlining the traditional
state law approaches to regulating public plans, I discuss factors that led California to adopt
a more aggressive approach toward imposing regulations on private fund contracts. I then
consider the potential merits of …
plans in private funds. State pension law has historically … After outlining the traditional
state law approaches to regulating public plans, I discuss factors that led California to adopt
a more aggressive approach toward imposing regulations on private fund contracts. I then
consider the potential merits of …
State and local pension plans across the United States face massive underfunding problems.'As these underfunding challenges have deepened, public plans have dramatically increased their exposure to private funds2 in
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