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Richard Lynch, executive director of the Foundation for Fiduciary Studies, said if pension funds are confident their consultant is doing the best job it can, they should welcome a free independent investigation.
FORBES: Consequences of the Mutual Fund Industry's History of Transgressions (November 1, 2003 )
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However, Richard Bernstein of Merrill Lynch likens risk to popcorn in a microwave.
ECONOMIST: In emerging markets, the bond-market dogs lose their bite
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Richard "Dick" Lynch is president of FB Associates, LLC, which provides advisory and consulting services at the intersection of technology, marketing, and business operations.
ENGADGET: BlackBerry adds ex-Verizon, Sony Ericsson chiefs to its board of directors
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"The probability of companies being taken out is plummeting, in our judgment, " said Merrill Lynch's Chief Investment Strategist Richard Bernstein in a note.
FORBES: Magazine Article
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"They were looking in the crowd as the runners were coming to see if they could identify some of their friends when the bomb hit, " Congressman Stephen Lynch, a friend of the Richard family, told Associated Press.
BBC: Boston bombings: Obama condemns 'act of terrorism'