Massachusetts Pension Waited a Year to Disclose Hedge Fund Troubles

For more than a year, the Massachusetts Bay Transportation Authority (MBTA) Retirement Fund didn’t publicly disclose the problems plaguing a hedge fund that held MBTA money. Those problems included civil fraud charges filed against the firm, Weston Capital Asset Management, which is now shutting down. From the Boston Globe: In its annual report, ...

A Step Toward Pension Transparency in Boston

As part of recent contract negotiations, the Massachusetts Bay Transportation Authority (MBTA) has agreed to disclose more of its pension data to the public. The MBTA retirement fund is among the most tight-lipped public pension funds in the country, due to laws that exempt it from following public records laws. The MBTA will now release its members’ ...
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