> A major pension plan serving 100,000 retirees needs their 100 billion dollars in assets to be managed responsibly, can a 24 year old Stanford grad manage that?
Judging by the NYC pension fund, I could manage 100 billion better.
Wow, no kidding! For the huge discount over their current guys at a mere $1,000,000 a year, I'd happily put the pensions into some Vanguard index funds... :D
Judging by the NYC pension fund, I could manage 100 billion better.
http://mobile.nytimes.com/2015/04/09/nyregion/wall-street-fe...