This is how it normally works.

The pension fund invests a small percentage in high risk/reward hedge funds.
The hedge fund manages billions in assets and they pick what to invest in not the pension fund.
Some stuff will do really well, some stuff will tank to zero.
Overall they hope to pick more winners than losers.
The Ipswich investment will probably be almost insignificant.
Would be interesting to see if the hedge fund or investment group has a history of asset stripping?

Ipswich/ME has no other choice. It actually seems like decent deal for ME to get some of his money back.

Posted By: usacanary, Feb 26, 18:41:10