Who to Believe on Hedge Funds – Part 2

The American Legislative Exchange Council (ALEC) earlier this year came out with an estimate of $5.6 trillion as the the total of the unfunded liabilities in state pension plans and now they have come out with a report laying part of the blame for the shortfall on politically motivated bad investments and, as it turns out, New Jersey tops another list:

alec-hf

Ironic in that a few days ago one of the members of the New Jersey State Investment Council wrote an opinion piece defending hedge fund investments.

3 responses to this post.

  1. Posted by Anonymous on December 15, 2016 at 10:56 am

    Time to stick a fork in NJ. Let’s play a little financial chicken and NOT appropriate ANY conduit debt repayments. Then the bondholders will be in the same boat as the pension funds – SOL!

    The conduit debt appropriations have no more legal standing then the pension fund appropriations. Ok so maybe (definetly) our ability to issue debt mirrors Greece.

    This to will have to be addressed as part of any pension reform.

    Reply

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: