Sixteen years after a forensic investigation of the Chicago teachers’ pension was first proposed by trustees, the pension claims it has contracted for a review. Whether the investigation will finally answer longstanding trustee questions regarding pension investments, the pension won’t say.
The departure of a top executive at Oaks-based SEI has one analyst speculating that CEO succession seems less certain at the firm, which has $1.3 trillion in assets under management.
The reality is that despite media commentary to the contrary, debt-driven government spending programs have a dismal history of providing the economic growth promised. As a result, the disappointment of economic and earnings growth over the next year is almost a guarantee.