Partner Paper No. 2: All That Glitters Is Not Gold — An Examination of US Public Pension Investments in Hedge Funds

9 Nov 2015

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A new report by our colleagues at the American Federation of Teachers and the Roosevelt Institute has found that public pension investments in hedge funds aren’t paying off. The eleven pension systems studied received absolutely no benefit from their investments in hedge funds, with high fees eating up all of the returns and stated investment strategies failing to pan out....

#HedgePapers No. 20 – New York City’s Public Pension Vultures In Puerto Rico

21 Sep 2015

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Hedge Funds Preying on Puerto Rico Manage Over $550 Million in NYCERS Funds Puerto Rico’s 3.5 million residents face frightening austerity measures in an economic crisis that is unfolding rapidly. Hedge funds have been buying up a large portion of the island’s debt, sometimes for pennies on the dollar. These hedge funds are betting on big profits if Puerto Rico is not permitted to declare bankruptcy or refinance its $72 billion debt and is forced to repay all creditors in full....