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> Pensions could've been higher if they didn't take that much out Pensions would also be lower if they were invested in funds that made lower or negative retur

by neilc 10y ago

> Pensions could've been higher if they didn't take that much out Pensions would also be lower if they were invested in funds that made lower or negative returns. The theory (right or wrong) is that the high fees charged by the hedge funds are justified because they provide better risk-adjusted returns than other investment vehicles. Hedge funds may be bad and their CEOs may be overcompensated, but it is more complicated than just "every dollar paid to Kenneth Griffin is a dollar taken from a pension fund."

tluyben2 10y ago
"every dollar paid to Kenneth Griffin is a dollar taken from a pension fund." => I know it's not that black and white, but they could take a smaller cut / lower fees etc which then, in a lot of ways, would be shared in a fairer way than this. I know it doesn't work like that and there is nothing to do about it at the moment, but that is what I would have against this.