4 ms·
What's sad is that some pension funds have exposure to Celcius. Imagine teaching for decades only to find your retirement pension is reduced because the manager
by yomkippur 4y ago
What's sad is that some pension funds have exposure to Celcius. Imagine teaching for decades only to find your retirement pension is reduced because the manager thought it was a good idea to put your money into a ponzi scheme
- Invictus0 4y agoI am not sympathetic to teachers or pension funds whatsoever. Teachers should take control of their investments like everyone else: either invest it yourself or make your pension managers invest it properly. Pension funds do all sorts of stupid things: they played a role in 2008, they invest in big oil and other anti-ESG stocks, and now this. They're huge pools of poorly governed funds, it's inevitable that they get abused.
- deleted 4y ago[deleted]
- yomkippur 4y ago
- charcircuit 4y agoIt wasn't a ponzi scheme. It was just a business that failed to make a profit. Not all investments will be on winners.
- yomkippur 4y ago
- tim333 4y agoI think it was an equity investment so it's more that the manager thought it would be a good idea to profit from said ponzi scheme.