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New Kentucky Lawsuit Takes Aim at Risk in Public Pension Investments
Institute for Pension Fund Integrity [IPFI] 
Aug. 5, 2020 "The state of Kentucky revived and expanded a lawsuit that claims former officials of the state pension system and hedge fund firms violated their fiduciary duty by choosing risky investments. The state is demanding compensation from hedge funds for their excessive fees and underperformance. Kentucky's pension system remains one of the worst-funded in the nation, hovering around a 32.8% funding level." [Mayberry v. KKR & Co., L.P., No. 17-CI-01348 (Franklin Cir., Commonwealth of Ky. intervening complaint filed Jul. 20, 2020)] MORE >> |
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