Stradley Ronon Counsel George Michael Gerstein was quoted extensively in the PLANADVISER article, "Managing Risk While Investing For Governmental Retirement Plans," which discusses the unexpected risks that can comes with investing for such plans.
"Think of state retirement systems like CalPERS or Texas Teachers," Gerstein told the publication. "These governmental plans have really a lot of money to invest and strong liability demands on that money, and so they are enthusiastically pursuing things like alternative investments, greater use of derivatives, and other areas and transactions that can, quite simply, go awry if they are not properly approached."
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