Wednesday, November 2, 2016

State public pension crisis

The average return on state public pension plans was .52% in fiscal 2015.

They were doing pretty good with their investments in hedge funds but then the hedge funds started not making money and even losing money in 2014.  So they pulled out their investments from hedge funds.

They put the money into bond funds, private equity, and reit funds. Good luck with that.

Good luck to you too.

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