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The biggest source of hedge fund money are pensions. I'm quite certain the workers didn't volunteer to put their money into hedge funds.
by DevX101 15y ago
The biggest source of hedge fund money are pensions. I'm quite certain the workers didn't volunteer to put their money into hedge funds.
- Tycho 15y agoAre you sure about that? Isn't that mutual funds?
- Tsagadai 15y agoCompletely sure. My Australian superannuation/pension was heavily tied up with various hedgefunds and it lost about 50% of its value in 2008. I can't tell them how to spend my money and I can only change between a very similar set of funds. Many pensions around the world are in similar arrangements with hedgefunds and investment banks.
- adamtmca 15y agoSomeone managing a pension fund is a sophisticated investor. My sister is a teacher with a claim on the sizeable Ontario teachers pension fund but she doesn't pick the individual investments they do, nor should she.