Ugly tidings for pension funds aren't just for states anymore. Big cities, corporations, and even some state and city agencies are facing some rather serious floggings after years of optimistic assumptions, generous benefits, poor management, and, in some cases, willful...

Chairman Clifford T. Phillips III: Ok I'd like to call this hearing to order. The witnesses have been sworn and I'd like to get started right away since we have limited time. Our pension system in this state is in...

If you’ve ever had a few drinks with fund managers, and followed them with a few more, you know the conversation inevitably turns to performance. Usually it will begin with some fantastic trade but, depending on the crowd, it often...