Steve Vu is a quantitative analyst at Reason Foundation.
At Reason, Vu delivers data solutions to evaluate the operation and financial performance of public pension funds.
Prior to joining Reason, worked in emerging financial markets where he led an economic team to advise top asset management firms on investment strategies and portfolio constructions.
Vu graduated with a Master’s degree in Behavioral and Computational Economics at the Economic Science Institute, hosted by Dr. Vernon Smith, a Nobel prize winner.
Vu is based in the Los Angeles Metropolitan Area.
The worrying trend of using public pension funds as a tool to exercise political leverage.
Milwaukee needs to urgently tackle the mounting public pension costs burdening the city's budget.
Between 2010 and 2013, 17 states reduced, suspended, or eliminated COLAs for current workers and retirees to help address public pension debt and costs.
Overall, the median investment return result for state pension systems in 2022 is -5.2%.
Taxpayers, policymakers and public pension fund managers should be aware of risky and volatile investments.