In addition to its chief investment officer retiring, 20% of the investment staff members at the fund could retire within the year.

Split views seen in the FOMC minutes are vexing. So let’s hear what Wall Street strategists think.

The Educational Retirement Board’s portfolio gained 28.76%, or $3.6 billion for the year.

Ever since the SEC’s spring crackdown, these once-popular investments have wilted. But their excesses are being leached away.