September 28, 20206 min read, 1206 words
Published: September 28, 2020 | 6 min read, 1206 words
Why do they keep doing it? Why do pension fund trustees keep doing this, and falling for one of the oldest games in the business? The $4.8 billion pension fund of New York’s Metropolitan Transportation Authority just became the latest to sue a hedge-fund manager after losing hund...