U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
Old Yesterday, 11:23 PM
Location: Silicon Valley
3,710 posts, read 1,689,237 times
Reputation: 6333


I'm sure the largest accumulation of deploy-able capital has some amazing wonks leading it....


I mean, they wouldn't let some hack manage it would they?


Well, they got someone better though, right?

Timeout....she's a high school graduate? She has no Investment banking experience? She's a 16 year vet of the Washington pension system.

She must have done some outstanding work there to impress people here. Washington must have a rock solid pension program now:



Well, at least she's backing herself with people in the trade. Ben Meng....new CIO.


He has bonafide creds on Wall Street.

Before joining CalPERS in 2008, Meng worked at <snip> Lehman Brothers as a risk officer. Did I read that the former CIO was leaving the State entirely for an undisclosed opportunity in New York?

I mean, I'm sure they're both very good. Glad we've got some devoted public servants.
Reply With Quote Quick reply to this message

Old Today, 04:09 AM
Location: Oregon, formerly Texas
5,501 posts, read 3,833,615 times
Reputation: 9342
Every state I've ever lived in, as long as I can remember being aware of such things,* has said that they are in some kind of a pension crisis regarding its public workers and/or teachers that will manifest disastrously in a few years. Yet somehow they survive. Detroit is one of the few where the chickens actually came home to roost, and it took a significant decline in population to do it. Hasn't mattered if its a red or blue state.

Two red states I've lived in have "pension crises:"

Texas: https://www.texaspolicy.com/teachers...isis-in-texas/
South Carolina: https://www.greenvilleonline.com/sto...mb/1637814001/

It's the same story in every state. Too many debt obligations, pension fund investments not making the projected returns. Not surprising when they projected an AVERAGE of 7-10% per year!

*since the early 2000s. When I was in middle school and high school in the 90s I didn't care.

Last edited by redguard57; Today at 04:18 AM..
Reply With Quote Quick reply to this message

Quick Reply

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top