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In good times and in bad, California’s pension fund managers win fat bonuses

In good times and in bad, California’s pension fund managers win fat bonuses

  By Steven Greenhut Sacramento —California’s top pension funds have suffered through a few cycles of bleak investment returns and plummeting funding ratios, so we can’t blame them for wanting to celebrate after what was, relatively speaking, a stellar financial year. But the manner in which they chose to celebrate was shocking. The funds gave […]