Are We Just Suckers?
Your fund may be paying Wall St. snakes to “manage” the funds investments.
After all, the guys that crashed the economy in 2008 are nothing if not trustworthy and good at their jobs.
So, how did it work for New York City when they made a deal with the devil?
Not so good. Consider the headline:
NYC Pension Earns $40 Million Over 10 Years, Pays Fund Managers $2 Billion