November 01, 2014

Chasing Yield: How the Worldwide Glut in Capital Is Financing Energy Investment

Michael R. Braverman and Stephen C. Braverman

Consider the challenge facing the manager of a large pension fund or the chief investment officer of a substantial university endowment or foundation. You are responsible for investing hundreds of millions, if not billions, of your fund, endowment, or foundation’s capital. You must invest a portion of the funds conservatively. This means low-risk investments that still must earn a positive return above inflation. The challenge is that for these types of low-risk investments, opportunities are limited. Individual investors face the same problem. Relatively secure investments with acceptable rates of returns are very limited. The current investment environment is certainly difficult.

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