Comments on: Pension Fund Excellence: Creating Value for Stakeholders http://www.1retirementplan.com/pension-fund-excellence-creating-value-for-stakeholders/ Tue, 27 Sep 2011 05:39:45 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Loyd E. Eskildson http://www.1retirementplan.com/pension-fund-excellence-creating-value-for-stakeholders/comment-page-1/#comment-127 Loyd E. Eskildson Fri, 14 May 2010 13:56:55 +0000 http://www.1retirementplan.com/pension-fund-excellence-creating-value-for-stakeholders/#comment-127 <i>Review by Loyd E. Eskildson for <a href="http://www.amazon.com/Forbes-Magazine-July-2008-Dollars/dp/B001JTITHM%3FSubscriptionId%3DAKIAIHVEKT5CG6VXPJ2Q%26tag%3Dwaterwheel-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3DB001JTITHM" rel="nofollow">Forbes Magazine July 21 2008 Your Tax Dollars at Work - The Real Estate Meltdown</a></i> <b>Rating: <img src="http://www.1retirementplan.com/wp-content/plugins/WPRobot3/images/2.png" ></b> "The Other Real Estate Disaster" covers the impact of high-leveraged (eg. 70% average) falling real estate portfolios on state employee pension funds. Guess what - it's not good! These "opportunity" (undefined) funds are virtually unregulated and their value often is unknown until liquidated. Getting information often requires filing Freedom of Information requests and a lot of patiencs, and even that may not be enough. Pension-fund managers often sign confidentiality agreements, and thirteen states have secrecy laws exempting private equity funds from disclosing returns. Finally, even if you do get information, it may not be accurate - often "gross" returns are reported. <br /> <br />Much of the rest of the "2008 International Investing Guide" offers recommended investments. However, a small convenience sampling reveals an overall loss of 48% from the Forbes recommendations to 11/16/2008. Review by Loyd E. Eskildson for Forbes Magazine July 21 2008 Your Tax Dollars at Work – The Real Estate Meltdown
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“The Other Real Estate Disaster” covers the impact of high-leveraged (eg. 70% average) falling real estate portfolios on state employee pension funds. Guess what – it’s not good! These “opportunity” (undefined) funds are virtually unregulated and their value often is unknown until liquidated. Getting information often requires filing Freedom of Information requests and a lot of patiencs, and even that may not be enough. Pension-fund managers often sign confidentiality agreements, and thirteen states have secrecy laws exempting private equity funds from disclosing returns. Finally, even if you do get information, it may not be accurate – often “gross” returns are reported.

Much of the rest of the “2008 International Investing Guide” offers recommended investments. However, a small convenience sampling reveals an overall loss of 48% from the Forbes recommendations to 11/16/2008.

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