America's pensions can't beat Vanguard but they can close a hospital
bigbobbeeper Tuesday, February 17, 2026
Summary
The article discusses the challenges facing American pension funds, which have struggled to meet their investment targets for years. It examines how these funds have increasingly turned to alternative investments like private equity, but argues that simpler index funds like those offered by Vanguard have outperformed many pension funds' more complex investment strategies.
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governance.fyi