Whether public pensions truly are as sophisticated at evaluating the risks and rewards related to complex privately offered investments as they claim to be is a question deserving of an answer sooner rather than later.

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They may feel more loyal now that they answer to Iraqi ministers rather than to an occupying power.

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This is a good feeling because I have enough experience with the needs of a variety of customers now that I am starting to feel like I can articulate an answer out of experience, rather than hunches.

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