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Hedge funds are notorious under performers


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2013 Oct 24, 8:42am   894 views  3 comments

by tovarichpeter   ➕follow (6)   💰tip   ignore  

http://news.yahoo.com/learn-plight-rhode-island-pension-system-145820244.html

Such investments now account for almost a quarter of the $2.6 trillion in public pension assets nationwide. As Dr. Phil would say: How is this working? So far, seeking higher returns than those offered by stocks and bonds is not a winning strategy for Rhode Island's plan.

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1   justme   2013 Oct 24, 9:04am  

Hedge Funds and Private Equity firms make money by strip-mining the assets of the very same companies whose pension funds invest in the HF/PE forms in the first place.

Talk about a circular firing squad of corproations and their pension funds.

2   HydroCabron   2013 Oct 24, 9:27am  

Hell, hedge funds also strip-mine the assets of their investors.

Hedge funds are irrefutable proof that the wealthy are not necessarily smarter than viruses and bacteria.

3   Ceffer   2013 Oct 24, 11:25am  

They should re-name them PT Barnum funds.

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