Wednesday, September 10, 2014

New York Pension in Partnership with Goldman Sachs

They told Glenn "Instapundit" Reynolds that if he voted for Mitt Romney, hard-working Americans' pension funds would be turned over to Wall St. cronies...and they were right!

New York state’s pension fund is giving Goldman Sachs Asset Management $2 billion to invest in global stocks.
It’s the first time the $180.7 billion fund has formed such a partnership, Comptroller Thomas DiNapoli, the pension’s sole trustee, said today in a statement. In addition to investing the funds with equity managers, the unit of Goldman Sachs Group Inc. (GS) will also provide advice across the pension’s remaining $98 billion equity portfolio.


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