13754769965_7b32413003_z

Pension Funds Push Back Against Bank of America Governance Changes

Three of the country’s largest public pension funds are pushing back against Bank of America’s recent decision to appoint Brian Moynihan as CEO and chairman. A shareholder resolution had previously mandated that the positions be separate. Now, pension funds are telling Bank of America it has poked its “finger in the eye of investors.” From ...
at the Fortune Most Powerful Women Summit in Laguna Niguel, CA.

Six Years Later, Warren Buffett Is Winning His Bet Against Hedge Funds

In 2008, Warren Buffett made a $1 million wager with alternatives firm Protégé Partners. The money came from Buffet’s own pocket, not Berkshire’s. Around the country, the ears of pension funds began perking up in anticipation. The bet: “Over a ten-year period commencing on January 1, 2008, and ending on December 31, 2017, the S&P 500 will ...

Buffett: Public pensions threaten financial health more than we realize

The Oracle of Omaha doled out more of his patented financial wisdom on Saturday, and honed in on the country’s underfunded public pension plans that, according to Buffett, are even unhealthier than we realize. In a letter to Berkshire Hathaway shareholders, Warren Buffett gave an undeniably gloomy forecast for pension plans’ health down the road: “Local ...
Privacy Policy | © 2017 Pension360 and © 2014 Policy Data Institute | Site Admin · Entries RSS ·