New York Subway pension loses over $300 million in collapsed hedge fund
BUSINESS
September 28, 20206 min read, 1206 words

New York Subway pension loses over $300 million in collapsed hedge fundNew York Subway pension loses over $300 million in collapsed hedge fund

Brett Arends
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...
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