Ishihara established a public fund for donors to send in money to the Tokyo metropolitan government.
Ishihara said his public fund shows how Japanese people really feel about China.
Unfortunately, by then, the public fund officials and so-called experts who steered pensions into these schemes will be long forgotten.
Merrill brought in an out-of-state hired gun, an attorney, to debate me in front of public fund clients of Merrill considering investigating abuses.
Public fund trustees who fail to protect their funds from dangers, as to which they have been specifically advised, proceed at their own risk.
FORBES: Shame and Scandal in Florida Public Pension Community (October 2, 2004 )
In recent months, a public-employees fund in Texas, Kentucky's main public fund and an Oklahoma City police fund all have made commitments to opportunity funds.
The carnage left behind by dummy public fund investing are legion.
Could public fund over-allocations to equities be attributable to consultant conflicts?
FORBES: Public Pension Shortfalls and Consultant Conflicts (September 1, 2002 )
Public pension funds might do well to follow the lead of California's pension fund Calpers, the nation's largest public fund and often in the investing vanguard.
In Lake Worth, South Miami and Boynton Beach Robbins told public fund trustees that they had no fiduciary duty to investigate the potential conflicts of interest we described.
FORBES: The Long Overdue Florida Public Pension Clean-Up (November 21, 2007 )
Kurihara and Tokyo's governor announced the public fund last month.
"Public Fund Investing for Dummies, " a book that is as timely today as ever, is the work of Jim Koetting, a money manager at Public Fund Investment Strategies in St.
One final note: public funds are more likely to retain investment consultants than corporate pensions and consultants generally play a more influential role in connection with their unsophisticated public fund clients.
FORBES: Public Pension Shortfalls and Consultant Conflicts (September 1, 2002 )
That is, in the former case elected officials serving on public fund boards may accept bribes and in the latter, public pension investment decision-making may be tainted by political influence peddling.
The average public fund trustee, it bears noting, was appointed not because of his financial acumen but because he is a political or public union heavyweight--or because nobody else wanted the job.
In fact, the Missouri Investment Trust, the first public fund in the country to divest the stocks of companies doing business with Iran, Syria, Sudan and North Korea, has actually performed better since it was taken terror-free.
Since taxpayers remain on the hook for pension benefits promised, even if all the pension money is lost as a result of bad investment decisions, they alone will pay the price when dice-rolling decisions of public fund boards turn ugly.
FORBES: City Garbage Collectors Become Sophisticated Hedge Fund Investors
Unregulated by the US Securities and Exchange Commission (SEC), the UK Financial Conduct Authority (FCA) or other relevant regulators, hedge funds are not subject to the limitations and restrictions imposed on their public fund brethren, such as retail mutual funds in the United States or authorised unit trusts in the United Kingdom.
Any revenue loss to the GRF would also decrease the amount of tax revenue that will be deposited to the Local Government Fund (LGF) and the Public Library Fund (PLF) for distributions to counties and local governments.
FORBES: Ohio House Of Representatives Passes Estate Tax Repeal
It set up the Prevention and Public Health Fund to make investments in infrastructure through Community Transformation Grants.
FORBES: Obamacare Spurs New Thinking On Using the Market to Pay for Prevention
The installation, "Discovering Columbus, " has been produced by the Public Art Fund, a nonprofit championed by Mayor Michael Bloomberg.
WSJ: Discovering Columbus | A Monumental Problem | By James Panero
Calpers said its rewritten investment criteria make it the first public pension fund to look beyond traditional economic factors.
It is against this historical backdrop that indications of a sea-change in public pension fund attitudes must be viewed.
CENTERFORSECURITYPOLICY: Divest Terror breakthrough? Or a bait-and switch?
An executive at a major US public pension fund told Bain that he expects to see much more of this going forward.
FORBES: Limited Partners Seek Better Terms From Private Equity Funds
On April 17th, the Northern Mariana Islands public employee retirement system became the first U.S. public pension fund to seek bankruptcy protection.
FORBES: Failure to Heed Early Warnings Led to First Bankruptcy of U.S. Public Pension
Like much of what the Public Art Fund promotes, "Discovering Columbus" can seem like campy fun a million-dollar confection brought to you by the city's billionaire mayor.
WSJ: Discovering Columbus | A Monumental Problem | By James Panero
What was the Florida Public Pension Trustees Association, a non-profit supposedly committed to educating Florida public pension fund trustees doing to raise awareness of these serious issues?
FORBES: The Long Overdue Florida Public Pension Clean-Up (November 21, 2007 )
Last month, the Louisiana sheriffs public pension fund became the first in the nation to adopt such an approach in the form of a terror-free investment policy.
Move forward with restoring our community health centers, provide resources for the prevention and public health fund, establish the Ready Reserve Corps, and rebuild our primary care system.
FORBES: Is Repealing Health Care Reform Good For Foreign Policy?
However, surprisingly, when a company had a relatively large number of public pension fund investors amongst its shareholders, they were less likely to dismiss a compromised board member.
FORBES: Boards and fraud - who gets the sack and who gets to stay?
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