Usually, the managers of a pension fund are not participants in the fund, because they would have undue influence and interst in maximizing their own holdings and not specifically other participants'. Personally, I think if the fund managers invested in real estate tranches or something similar they all should be fired. Unfortunatly that's probably the worst you can do to them because those investments were supposed to be AAA+.
Oh and as for the "elected officials" - no rainy day fund, no pension.
Bookmarks