How can Rhode Island know their pension liability when they are not sure how their investments are performing? This whole pension and OPEB unfunded liability is the next big bubble.
Remember this story from ProJo last year?
Providence Journal loses bid for hedge fund records related to state pension system
My comment on “Rhode Island Attorney General and State Treasurer Complicit in Hedge Fund Wrongdoing” @Forbes: http://t.co/6ATm4VZK1G
— edward siedle (@EdwardSiedle) August 4, 2014
RI Pension Fund Underperformed Market by $800 Million in FY14; $700m in FY13. $1.5b FORESEEN disaster. : /news/34687
— edward siedle (@EdwardSiedle) July 24, 2014
