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04.20.2009 3:37 pm

Pension fund bonuses are controversial in California, too

St. Louis Post-Dispatch

Missouri isn’t the only state where bonuses for pension fund managers are causing controversy. In California, the Sacramento Bee reports today that CalPERS and CalSTRS, two of the nation’s biggest public pension funds, paid out millions of dollars in bonuses to their…

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02.02.2009 10:19 am

State pension funds tally their losses

St. Louis Post-Dispatch

Giant pension funds in Missouri and Illinois are tallying their losses from the great bear market of 2008, and it’s not a pretty picture.

According to the Columbia Tribune, the scorecard in Missouri looks like this:

  • Public School Teachers Retirement System, down $7.8…
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01.16.2009 7:00 pm

MOSERS thought money was in cash, not Madoff fund

St. Louis Post-Dispatch

There’s a lot of difference between a cash investment — essentially short-term, liquid securities that you could sell at any time to pay your bills — and a Ponzi scheme. But cash is exactly where the Missouri State Employees Retirement…

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01.16.2009 2:08 pm

MOSERS lost $3.5 million with Madoff, Zweifel says

St. Louis Post-Dispatch

Missouri’s new state treasurer, Clint Zweifel, says he learned something disturbing in his first meeting with the Missouri State Employees Retirement System, known as MOSERS. The big pension fund, he says, lost $3.5 million in Bernie Madoff’s giant Ponzi scheme.

According…

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05.02.2008 2:01 pm

Forbes gets MOSERS’ stance wrong

St. Louis Post-Dispatch

Forbes has a provocative piece on the movement to pull public pension money out of companies that do business with Iran. Trouble is, one of its key examples appears to be wrong.

Forbes leads with a discussion of StatoilHydro, a Norwegian…

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