[psaintla]

> A major pension plan serving 100,000 retirees needs their 100 billion dollars in assets to be managed responsibly, can a 24 year old Stanford grad manage that?

Judging by the NYC pension fund, I could manage 100 billion better.

http://mobile.nytimes.com/2015/04/09/nyregion/wall-street-fe...

[scott_karana]

Wow, no kidding! For the huge discount over their current guys at a mere $1,000,000 a year, I'd happily put the pensions into some Vanguard index funds... :D

[gclaramunt]

The NY article is misleading: http://www.bloombergview.com/articles/2015-04-09/new-york-di...

[ryguytilidie]

Then again, just burying the money in your backyard wouldnt be too far off...