Maryland Lost Big On Wall Street Pension Gamble

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Maryland has joined a not-very-exclusive club: States that have moved pension funds into riskier Wall Street investments and received, in return, below-median results. That underperformance by Maryland’s $40 billion public pension fund cost state taxpayers more than $1 billion in unrealized returns in fiscal year 2014 alone, according to a new study by Jeffrey Hooke, a…

Maryland Lost Big On Wall Street Pension Gamble

Odey Falls -2.5% In Q2, Bets On Economic Recovery

activist short selling Investing investThe LF Brook Absolute Return Fund lost -2.52% in the second quarter of 2021, compared to a positive performance of 7.59% for its benchmark, the MSCI Daily TR Net World Index. Year-to-date the fund has returned 4.6% compared to 11.9% for its benchmark. Q2 2021 hedge fund letters, conferences and more According to a copy Read More


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