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I don't know how it works in America, but there are strict rules in the UK about where money like that gets invested. It ain't with VCs. Think gilts and blue ch
by hkt 10y ago
I don't know how it works in America, but there are strict rules in the UK about where money like that gets invested. It ain't with VCs. Think gilts and blue chip.
I'd be surprised if even America was mad enough to let pension funds go for VC.
- maxxxxx 10y agoI know for sure that cities invest in private capital and VC. Otherwise they could never reach their income projections and would have to raise funding. That would mean either higher taxes or lower pensions which both are a no-go so let's just take higher risk.
- hkt 10y agoThat's crazy. Politics can really break incentives.