What they’re saying recently
January 16, 2018Billionaire Sam Zell: BlackRock’s Larry Fink is ‘extraordinarily hypocritical’ to push social responsibility
BlackRock's Larry Fink and other CEOs are "extraordinarily hypocritical" to push companies for more social responsibility, billionaire investor Sam Zell told CNBC on Tuesday.
January 12, 2018Financial performance, not politics, matters most to America’s pension holders
As people around the country resolve to be more careful and responsible with their day-to-day finances this year, CalPERS and NYCERS managers should remind themselves of their own fiduciary responsibilities.
January 12, 2018New ACCF report finds NYC public pension fund system in bad shape and getting worse
As city leaders use retirees’ pensions to advance political causes, taxpayers may be on the hook for $56 billion shortfall
January 8, 2018Fund managers shouldn’t try to save the world at pensioners’ expense
Fund managers are tasked with managing retirement accounts on behalf of working families, but as the Spectrem Group survey shows, they often seem to be serving their own sanctimoniousness more than anything else.
January 5, 2018Keep Politics Out of Retirement Funds
Companies owned by the public should base their business decisions on what they believe is best for those whose money allows them to operate in the first place. The same should hold true for pension funds. Decisions on how to invest, and in what, should be made on the basis of what has the best chance to optimize performance and maximize returns for fund beneficiaries.