Pension Fund Fun

If your Pension Fund is deep under water you can be counted among the many. Benjamin Graham would turn over in his grave.  Most of his best fund managers were totally blind-sided by worthless subprime paper.

If you are among the very few with Pension Fund management that held its own by refusing to purchase the worthless paper, count yourself among the very fortunate.

If your Pension Fund reported that it made a killing on your behalf in 2012, you likely still have a problem.  Pension Fund managers shouldn’t play the horses.