Abstract
This study examines the role of real estate and alternative assets in the investment portfolio of defined benefit (DB) pension plans offered by U.S. firms for the period 2002 to 2010. These plans provide a unique reflection of the confluence of regulatory, accounting, and economic changes that have recently taken place. Results indicate less than a quarter of our sample plans invest in real estate while half invest in alternative assets. Plans that include the assets in their investment strategy tend to have larger market values, lower accumulated pension benefit obligations on a proportional basis, and higher returns.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
