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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (467358)3/30/2009 1:40:05 PM
From: Road Walker  Read Replies (1) | Respond to of 1578701
 
Under Millard's strategy, the pension agency was directed to invest 55 percent of its funds in stocks and real estate. That included 20 percent in US stocks, 19 percent in foreign stocks, 6 percent in what the agency's records term "emerging market" stocks, 5 percent in private real estate and 5 percent in private equity firms.

That's nuts... another shoe ready to drop.



To: combjelly who wrote (467358)3/30/2009 4:56:31 PM
From: tejek  Respond to of 1578701
 
However, Charles E.F. Millard, the former agency director who implemented the strategy until the Bush administration departed on Jan. 20, dismissed such concerns. Millard, a former managing director of Lehman Brothers, said flatly that "the new investment policy is not riskier than the old one."

Another one who is dumb as rocks.


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