SC Pension Fund Posts Gains
South Carolina’s embattled pension fund posted a 12.4 percent gain during the 2012 calendar yeYou must Subscribe or log in to read the rest of this content.
South Carolina’s embattled pension fund posted a 12.4 percent gain during the 2012 calendar yeYou must Subscribe or log in to read the rest of this content.
32 comments
The market was up 16.5%. Hell bonds were up 8%. A monkey could make money last year. Pretty bad returns if you ask me. Still heavy in managed futures and hedge funds which were horrible last year
I heard the Treasurer on the radio just now and he said the Commission’s performance placed them in the bottom 30 percent. Damn, that is an F in any classroom in town. Last thing I would do is press release a failing grade.
Old Curt sure does love to compare apples to oranges. One thing though, I keep hearing that he wants to be the King of the Investment Commission. If he were what would he do differently, or does he know? Managing other people’s money is a whole lot harder than spouting off a few sound bites.
The market was up 16.5%. Hell bonds were up 8%. A monkey could make money last year. Pretty bad returns if you ask me. Still heavy in managed futures and hedge funds which were horrible last year
I heard the Treasurer on the radio just now and he said the Commission’s performance placed them in the bottom 30 percent. Damn, that is an F in any classroom in town. Last thing I would do is press release a failing grade.
Old Curt sure does love to compare apples to oranges. One thing though, I keep hearing that he wants to be the King of the Investment Commission. If he were what would he do differently, or does he know? Managing other people’s money is a whole lot harder than spouting off a few sound bites.
I have a self directed IRA. I earned 14% last year and I am no professional!!
Comparing your measley IRA to a $26 billion trust fund that is owned wholly by the participants of the trust is asinine. If your IRA goes belly up, you’re broke. Tough titty. If the Commission doesn’t do their job, earning a respectable return while reducing risks, the ramifications are far more serious.
What a douche. It doesn’t matter if you have a dollar or a billion dollars invested. If you can get 14% and the experts can get 12.4%, you are doing a better job than they are. I realize you’re just another liberal looking for something for nothing, but I didn’t realize you were also an idiot.
Well, now. Just why don’t we get you to direct the investment of the retirement fund? Are you interested? If so, let me know and maybe I can get an introduction. Now, before we hire you, we want insurance that you can beat the professionals. OK?
I have a self directed IRA. I earned 14% last year and I am no professional!!
Comparing your measley IRA to a $26 billion trust fund that is owned wholly by the participants of the trust is asinine. If your IRA goes belly up, you’re broke. Tough titty. If the Commission doesn’t do their job, earning a respectable return while reducing risks, the ramifications are far more serious.
What a douche. It doesn’t matter if you have a dollar or a billion dollars invested. If you can get 14% and the experts can get 12.4%, you are doing a better job than they are. I realize you’re just another liberal looking for something for nothing, but I didn’t realize you were also an idiot.
Well, now. Just why don’t we get you to direct the investment of the retirement fund? Are you interested? If so, let me know and maybe I can get an introduction. Now, before we hire you, we want insurance that you can beat the professionals. OK?
I was on Wall treet for 20 years and I promise you the clowns at the Investment Commission are having a wondeful time at your expense. I have studied their investments several times and can tell you it is a wanna-be player portfolio.
They are second rate professionals, the JV team, but playing in the bigs with your money. Thier performance proves it.
I was on Wall treet for 20 years and I promise you the clowns at the Investment Commission are having a wondeful time at your expense. I have studied their investments several times and can tell you it is a wanna-be player portfolio.
They are second rate professionals, the JV team, but playing in the bigs with your money. Thier performance proves it.
The Chairman, Reynolds Williams, is under criminal investigation. That says a lot right there.
The Chairman, Reynolds Williams, is under criminal investigation. That says a lot right there.
they are playing monopoly with our money. As a retiree I am tired of that batshit crazy Wayne Bell from Retirees Asso fronting for the rich guys that run the system and not the working people that pay into it. I have friends at the Commission and you should hear the stories they tell. Makes me sick.
they are playing monopoly with our money. As a retiree I am tired of that batshit crazy Wayne Bell from Retirees Asso fronting for the rich guys that run the system and not the working people that pay into it. I have friends at the Commission and you should hear the stories they tell. Makes me sick.
Curtis Loftis is just the guy to straighten this bunch out. He has been a friend since high school and he is the most determined and principled person I know. if it can be done Curtis is the guy.
Curtis Loftis is just the guy to straighten this bunch out. He has been a friend since high school and he is the most determined and principled person I know. if it can be done Curtis is the guy.
Since Obama was elected, the stock market has more than doubled. Making money is like falling off the turnip truck. Hope all of you were invested. I was. Thanks Barack!
Since Obama was elected, the stock market has more than doubled. Making money is like falling off the turnip truck. Hope all of you were invested. I was. Thanks Barack!
“This is a good illustration of why it’s important to look at these
things over a longer period of time as a way to assess performance,”
Thus the AP quotes “Doctor Danny Varat”–who must be a proctologist, in recognition of the dark place where his head is usually located.
This is a talking point right off the mimeographed mindset of Reynolds Williams.
Suggest that Danny’s attention be directed to the management success of NC’s pension system. Their state treasurer has considerably more influence and discretion over its operations. Praise the Lord we still have an elected official working to master the details, and protect the integrity of, the source of SC’s public pensions. Yet Danny and Reynolds have been working overtime to frustrate Curt Loftis’s exercise of his fiduciary responsibilities.
“This is a good illustration of why it’s important to look at these
things over a longer period of time as a way to assess performance,”
Thus the AP quotes “Doctor Danny Varat”–who must be a proctologist, in recognition of the dark place where his head is usually located.
This is a talking point right off the mimeographed mindset of Reynolds Williams.
Suggest that Danny’s attention be directed to the management success of NC’s pension system. Their state treasurer has considerably more influence and discretion over its operations. Praise the Lord we still have an elected official working to master the details, and protect the integrity of, the source of SC’s public pensions. Yet Danny and Reynolds have been working overtime to frustrate Curt Loftis’s exercise of his fiduciary responsibilities.
I worked at a bank for a few years. I got pretty good at reading financial BS. The Investment Commission’s writings always seem full of BS.
The trick is to read them looking for misdirection. Once you do that it all becomes clear.
On the last day of my employment the bank president got fired for being less than honest. That means I learned from a pro!
I worked at a bank for a few years. I got pretty good at reading financial BS. The Investment Commission’s writings always seem full of BS.
The trick is to read them looking for misdirection. Once you do that it all becomes clear.
On the last day of my employment the bank president got fired for being less than honest. That means I learned from a pro!
Wannabes.
Wannabes.
It is time to piss or get off the pot… all is not right with the SCRSIC…
It is time to piss or get off the pot… all is not right with the SCRSIC…