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Indeed. The same decline in pension funds occurred in the 2007 crash and other crashes. Unfortunately that’s often the reality when people manage other’s peopl
by huijzer 4y ago
Indeed. The same decline in pension funds occurred in the 2007 crash and other crashes. Unfortunately that’s often the reality when people manage other’s people’s money. The gains result in large bonusses for the money managers and the losses result in large losses for the investors. The incentives are wrong.
- qeternity 4y agoHeads I win, tails you lose.
- arein3 4y agoSame problem in government as well. People that manage expensive assets are not punished if they make bad decisions
- willcipriano 4y agoI would argue that authority without responsibility is the core issue in societies today.
- dan-robertson 4y agoThat’s the case with a typical hedge fund but is it the case for pension funds like this one? I thought pension fund managers were not particularly incentivised to take risks for larger returns, but I don’t really have evidence for this assertion.