http://www.nytimes.com/2012/04/02/business/pension-funds-making-alternative-bets-struggle-to-keep-up.html?_r=1&hp
The article details how public workers’ pension funds across the country are increasingly turning to riskier investments in private equity, real estate and hedge funds. However, this decision has turned out to be poor as they are being outperformed by the more basic stocks and bonds.
This is bad news for many people that are counting on these funds to perform in hopes of retiring and/or being able to lean on during the tough economic times.
No comments:
Post a Comment