Should Ohio counties be forced to invest in metals?

By   /  April 3, 2013  /  Featured, News, Ohio  /  1 Comment

Gold is one example of the precious metals counties would be forced to purchase under S.B. 86

Should Ohio counties and the state treasurer be forced to invest public funds in precious metals?

They will be if Sen. Kris Jordan’s latest bill is passed.

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Illinois lawmakers invest state retirement dollars in junk bonds

By   /  February 5, 2013  /  Commentary  /  No Comments

Illinois gambling

The state is turning to increasingly risky investments in an effort to make up its shortfall.

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REEDER: Hey, taxpayer! You have magic powers!

By   /  October 31, 2012  /  Commentary  /  4 Comments

NOW YOU can make bad investments disappear!

By Scott Reeder
SPRINGFIELD – Wouldn’t it be great if every time we made a bad investment decision a fairy godmother waved her magic wand and made those bad decisions disappear?
Guess what?
You, Illinois taxpayer, are someone’s fairy godmother.
Even though teacher union representatives control the board that runs the Teachers’ Retirement System, the unions aren’t responsible for [...]

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PA: Bets on the weather could be a wash for Sandy

By   /  October 31, 2012  /  Business, Capitalism, Featured, News, Other News, Pennsylvania, Pensions  /  No Comments

HURRICANE SANDY brought winds and rain to the East Coast at the end of October, here, a street in Marblehead, Mass., is flooded from Hurricane Sandy. Pennsylvania's school employees' retirement fund has an investment in a hedge fund betting against a natural disaster on the East Coast.

By Melissa Daniels | PA Independent
HARRISBURG — One of Pennsylvania’s pension funds hedged against the likelihood of a natural disaster on the East Coast, such as Hurricane Sandy.
But it’s too soon to tell how those publicly funded investments will fare.
Earlier this year, PSERS invested $250 million in a portfolio with Nephila Capital. That portfolio covers [...]

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IL: Teachers’ Retirement System bleeding out, experts say

By   /  October 29, 2012  /  Illinois, News, Pensions, Pensions  /  5 Comments

Illinois will have to shell out more for its share of payments to the state's Teachers' Retirement System next year.

By Jayette Bolinski | Illinois Watchdog
SPRINGFIELD – Illinois’ teacher pension system could go broke if the state does not figure out a way to fully fund the system soon, the leader of the retirement system and others have warned again.
Illinois’ Teachers’ Retirement System is seeking $3.4 billion from the state for its portion of the [...]

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