CNBC: Marc Faber, The Gloom, Boom & Doom Report, explains why he believes U.S. markets have far more downside risk than is perceived by investors. [expand title="Click here to read more."] [/expand] … [Read more...]
Archives for June 2013
Retired Teachers Pay High Fees to Lag the Market
I’d get teacher pensions out of hedge-funds altogether. Retired teachers would be aghast if they truly understood how their money is being “invested”. [expand title="Click here to read more."] Amid questions and criticisms regarding the State of Rhode Island's hedge-fund investments, Rhode Island General Treasurer Gina M. Raimondo has released a breakdown of fees. In documents released to The Providence Journal and a table posted on the treasurer's website, Raimondo reports that the state paid $15.9 million in fees last year on Rhode Island's $1 billion hedge-fund portfolio. That … [Read more...]