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Pension plans debate
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<blockquote data-quote="curiousbrain" data-source="post: 792033" data-attributes="member: 31608"><p>One practical problem that could arise from that is an issue of loyalty, as it were. A money manager, especially a successful one, probably has foreknowledge of financial transactions before they take place and can take advantage of them. Whether the money manager positions the pension to benefit from this is debatable, especially given the fraud made public over the last few years.</p><p></p><p>Does the money manager view the pension fund as a giant liquid cash flow he/she can use to move markets and make money for themselves and other financial institutions, or do they view it as the combined dreams of hundreds of thousands of employees?</p><p></p><p>If the former, what is to say all the other individuals/institutions out there capable of managing such a large pool of assets don't take the same view and it becomes a "lesser of all evils" scenario for the union in question?</p><p></p><p>I'm not necessarily disagreeing with you that a professional is better suited, but I don't think it's so cut and dry, is all.</p></blockquote><p></p>
[QUOTE="curiousbrain, post: 792033, member: 31608"] One practical problem that could arise from that is an issue of loyalty, as it were. A money manager, especially a successful one, probably has foreknowledge of financial transactions before they take place and can take advantage of them. Whether the money manager positions the pension to benefit from this is debatable, especially given the fraud made public over the last few years. Does the money manager view the pension fund as a giant liquid cash flow he/she can use to move markets and make money for themselves and other financial institutions, or do they view it as the combined dreams of hundreds of thousands of employees? If the former, what is to say all the other individuals/institutions out there capable of managing such a large pool of assets don't take the same view and it becomes a "lesser of all evils" scenario for the union in question? I'm not necessarily disagreeing with you that a professional is better suited, but I don't think it's so cut and dry, is all. [/QUOTE]
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