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Public Pensions May Have Grown Addicted to High-Risk Alternative Investments.
BusinessWeek 
Sept. 10, 2007 Excerpt: New mexico's public pension plan is sinking deeper and deeper into a hole. Over the past four years, it has accumulated a $937 million deficit. That's bad news for the state workers who are depending on the fund to pay for their golden years. In hopes of boosting returns, last year the state legislature gave managers the authority to put money into alternative investments such as real estate, private equity, and hedge funds. MORE >> |
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