Pension Funds Wasting Millions on Useless Advice

money_garbageUsually when you hire an analyst to help invest your money you want to look for a sharp investor with a good record of success. Pension funds, however, don’t seem quite so discerning. A new report from NYT‘s Dealbook found that of the 94 percent of pension funds that hire outside investors to aid in making investment decisions, few look at (or even have access to) data on their consultants’ past performance. A new study from the University of Oxford suggests that they are paying a high price for their negligence…

Continue to the original source »

About TCS News

TCS News was founded to support the principles of conservative Americans. We provide regular news articles, opinions and discussion related to current issues.