hedge funds
Teachers’ pension system touts clean audit. Retirees unimpressed
Correction: The State Teachers Retirement System of Ohio manages about $90 billion in assets. An earlier version of this story gave an incorrect amount. It has been updated. The State Teachers Retirement System of Ohio has been flagging the results of a special audit conducted in response to complaints from some teachers and retirees. But […]
Just after giving out $10M in bonuses, teachers retirement system announces $5.3B in losses
The Ohio State Teachers Retirement fund in August voted to give its employees $10 million in bonuses even though it estimated that it had lost $3 billion during the fiscal year that ended July 1. On Thursday, the official numbers came in showing that the fund’s losses were actually much larger — $5.3 billion — […]