Is Your Pension at Risk?

There was a story released recently that claimed some public pension funds are placing increasing percentages of investments into higher-risk alternatives.
This money is collected from taxpayers and promised to government workers for retirement — yet it's becoming more of a high-stakes game.
Unsurprisingly, while these investments may be a problem for taxpayers and pensioners, they are not a problem for Wall Street firms that collect the high fees for managing the funds.
One report cites Blackstone, a large Wall Street investment firm that receives about 37% of its investment funds from state and local pension plans.  (more)

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