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Why is Colorado’s public pension system in high-fee, high-risk investments?

OCTOBER 5, 2018 | by David Sirota | CAPITAL & MAIN

“Are taxpayers and retirees willing to give billions of dollars to financial firms in exchange for the potentially false perception of financial stability? … Bob Maynard, the chief investment officer of Idaho’s public pension system, admitted in 2015 … 'we’re happy if it gives public market returns, anything extra, because of its effect having some smoothing of the risk as seen by the accountants and actuaries.' He added: 'It may be phony happiness, but we just want to think we are happy.' …” 

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