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Resource ID: #24378
Subject: Pensions
Source: Detroit Free Press
Affiliation: 
Date: 02/08/2009; 04/19/2009; 04/20/2009; 05/05/2009; 05/06/2009; 05/15/2009; 05/16/2009; 06/14/2009; 06/18/2009; 06/27/2009; 08/23/2009; 09/14/2009; 09/17/2009; 11/12/2009; 11/13/2009; 12/21/2009; 12/23/2009; 12/31/2009

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Description

The investigation “focused on the advisers to Detroit's public pension plans and their investments.” The findings revealed: advisers failed to display the problems with the businessmen who pitched investments, trustees didn't follow their rules and had zero travel policies, and the fund invested a large amount of money in real estate.

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