The state of Rhode Island has been a big-time investor, through its pensions, in hedge funds. Retired teachers who depend on this money for retirement should not be invested in hedge funds. It’s as simple as that.
Unfortunately in the world of public pensions big committees and chest thumping rule the day. Egos and resume building cloud judgement. And performance takes a hit.
It’s no surprise that hedge funds are coming under attack. Assets are heading out the door.
This could have been avoided.
Read more here on Pensions in a Load of Trouble Part I
FLASHBACK: RI Pension Agreement
E.J. Smith - Your Survival Guy
Latest posts by E.J. Smith - Your Survival Guy (see all)
- Your Survival Guy Breaks Down Boxes, Do You? - April 25, 2024
- Oracle’s Vision for the Future—Larry Ellison Keynote - April 25, 2024
- Investing Is Math - April 25, 2024
- Breaking: New Rules on Trillions in IRAs and 401(k)s - April 24, 2024
- When You’re in Control, You Have Opportunities - April 24, 2024