New York public employees union will vote on pulling out of hedge funds


#1

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#2

It’s a really good move! A significant portion of the investor class manages the retirement funds of blue-collar workers, and so the investment strategies of unions can have a real impact on where the demand is telling those investors to go.


#3

Let them invest wherever they desire, just as long as they don’t come to the taxpayers for a bailout if the returns fail to materialize.


#4

At this point it is fiscally irresponsible for pension funds to be invested in these things. Opacity and high management costs are a good enough reason to pull out any kind of money which is meant for safe investing growth. The City of New York is doing right by its workers here.


#5

Sounds like their Hedge Funds have put the New York public employees union’s NYCERS in a twist.


#6

Huzzah!

Best we starve the beast.


#7

They’re finally paying attention to the Efficient Markets Hypothesis?


#8

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