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Thursday, April 14, 2016

New York City Employee Retirement System dumps hedge funds

*****HEDGE FUND DISASTER IMMINENT*****

Is a MASS EXODUS from HEDGE FUNDS about to begin?

Are RETIREMENT BENEFITS in danger?

"Hedges have underperformed, costing us millions," New York City's Public Advocate Letitia James told board members in prepared remarks. "Let them sell their summer homes and jets, and return those fees to their investors."

http://www.reuters.com/article/us-new-york-pensions-idUSKCN0XB1TE

Not only are RETIREMENT SYSTEMS at stake but SOCIAL SECURITY is at stake. Sound like anyone should be concerned?

...developing...