Below is the first part of an article by Edward Siedle from Forbes.com. It reads…
One of the benefits of conducting forensic investigations of large pensions, such as my current deep dive into the North Carolina state pension on behalf of the State Employees Association of North Carolina, is that these focused studies permit me to take time to carefully consider widely divergent and emerging pension practices, analyze the pros and cons, and publish my views on pension matters for the public to consider—opinions which frequently starkly differ from those of Wall Street-allied advisers.
Believe it or not, there is often a far more credible case to be made that commonplace pension investments and practices promoted by Wall Street money managers and recommended or blessed by conflicted experts, such as investment consultants, lawyers and auditors, are dead wrong. Today, with the hedge, venture capital and private equity billionaire marketing blitz targeting public pensions nationally, more than ever opposing opinions are rarely heard.