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