Tag: public plans
Divesting stock of arms manufacturers raises a host of problems. Every few years politicians come up with the brilliant idea of using public pension funds to make political statements. The most recent incarnation is proposed legislation that would require the Massachusetts’ public pension fund managers to sell the stock of any firearm company that derives…
Fees are in the news. CalPERS plans to cut the number of money managers in half, and drop its hedge funds. New York City is on a rampage about fees eating into its pension plan returns. And the Governor of Pennsylvania is calling on the state’s two pension systems to reduce investment manager fees. T…