New Jersey’s Debt is Downgraded by Fitch as Chris Christie Funnels Pension Money to Private Equity and Hedge Funds

Private equity firms need the perfect sucker.  Huge pools of money run by compromised money managers. It appears public pension funds across America have been tripping over each other to pay enormous fees to alternative asset managers for the privilege of underperforming simple index funds. In this hierarchy, there are few states as corrupt as […]

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