News

Illinois Pension Calls Investigation on Fees Unfair, Misleading

Illinois’ largest public employee pension fund paid an inordinate amount in fees to hundreds of financial managers while reaping a measly annual return on its investments, a new investigation claims, but the Illinois Teachers Retirement System says the allegations are misleading.

Risk Off (Again)

Investors are avoiding risk again as dark clouds gather on the economic horizon.

IMF: How The Actuaries Got It Wrong

Actuaries started at the wrong place, then measured incorrectly – now the IMF has warned these methods have to change, and quickly.