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[Opinion]

6/12/2013: Louisiana Public Pensions Sue Over Their 'Best Investment' (David Shaywitz in Forbes)
"The three pensions invested a combined $100 million in [Fletcher Asset Management], which promised a guaranteed 12 percent return. Sound fishy? If the fund returned less than 12%, an unnamed financial backer would make up the difference. How could three public funds have fallen for a preposterous investment scheme involving a 12% guaranteed return backed by a mystery investor? The answer: The investment consultant used by the three pensions, Consulting Services Group[,] recommended it."
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