LPNEWS

Pension Funds Crisis In The Us: Are Hedge Funds To Blame?

by seekingalpha.com posted 2years ago 113 views
An article recently published about the grossly underfunded Kentucky State Retirement System suggests that gambling on high fee hedge funds and private equity funds, and the use of placement agents, were primarily to blame. For many readers, it was likely a persuasive article. Quotes from scared retirees who have dedicated their lives to public service and are now rightly worried about their retirement benefits would pull on anybody’s heartstrings.