THERE IS A chasm between how MBTA management views the agency’s pension fund and how the union that represents the biggest share of T workers sees the retirement account. The Fiscal and Management Control Board on Monday spoke with one voice, raising the alarm about a pension system that board members said is worryingly underfunded. […]
Pension
Posted inEconomy, Politics
Hedge fund could lose millions for campaign violation
A $500 CAMPAIGN donation to a family friend running for Massachusetts governor could potentially cost a New York hedge fund millions of dollars in its management fees of investments from the state’s pension fund. Pershing Square Capital Management, run by activist investment billionaire William Ackman, faces the loss of two years of management fees because […]