When the market for mortgage-backed securities — derivatives — exploded in 2008, the investment guru Warren Buffet called them “financial weapons of mass destruction.”
The investable universe is primarily domestic small capitalization stocks with a focus on quality companies that the portfolio management team believes to be attractively valued.
Nasir Qadree, a Washington-based investor who just raised $62.1 million for his debut venture fund, recently told us that as his fundraising gained momentum, he was approached by established firms that are looking to absorb new talent.
The common arguments against pension funds investing in their local economies don’t stand up to scrutiny – place-based impact investing strategies outperform the FTSE after fees.