Pension plans consider buying troubled assets

04/9/2009 | Bloomberg Businessweek

Public pension plans are considering the U.S. government's Public-Private Investment Program for Legacy Assets as an option to minimize the blow of combined losses totaling $1.3 billion. Some do not think taxpayer-supported pension funds should be taking on such risky investments. Managers "should think carefully about whether they have [financial savvy] before they do this," said Alicia H. Munnell, director of the Center for Retirement Research at Boston College.

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