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> A major pension plan serving 100,000 retirees needs their 100 billion dollars in assets to be managed responsibly, can a 24 year old Stanford grad manage that
by psaintla 12y ago
> A major pension plan serving 100,000 retirees needs their 100 billion dollars in assets to be managed responsibly, can a 24 year old Stanford grad manage that?
Judging by the NYC pension fund, I could manage 100 billion better.
http://mobile.nytimes.com/2015/04/09/nyregion/wall-street-fees-wipe-out-2-5-billion-in-new-york-city-pension-gains.html?referrer=&_r=0 http://mobile.nytimes.com/2015/04/09/nyregion/wall-street-fe...
- scott_karana 12y agoWow, no kidding! For the huge discount over their current guys at a mere $1,000,000 a year, I'd happily put the pensions into some Vanguard index funds... :D
- ryguytilidie 12y agoThen again, just burying the money in your backyard wouldnt be too far off...
- gclaramunt 12y agoThe NY article is misleading: http://www.bloombergview.com/articles/2015-04-09/new-york-discovers-wall-street-charges-fees http://www.bloombergview.com/articles/2015-04-09/new-york-di...