Seniors Pensions: A Bad Joke

I walked away from the investment business years ago when I realized that integrity was giving way to legal crime.  Sad to say that seniors are among the most vulnerable victims.

The latest nail in the pensioner’s coffin?  CALPERS, arguably the largest U.S. Pension Fund, has announced that it will no longer invest in Hedge Funds.

In my opinion, there is no such thing as a Hedge Fund “INVESTMENT”.  Hedge Funds are for speculators, and pensioners DO NOT wish to be exposed to speculation with their entrusted savings.

Legal crime.