Comment by blasphemers
2 days ago
It's not like pension funds are forced to invest in VC funds. It's the unions decision too, so ultimately if they are bad investments, it's average joe union workers fault they voted for shitty leadership.
2 days ago
It's not like pension funds are forced to invest in VC funds. It's the unions decision too, so ultimately if they are bad investments, it's average joe union workers fault they voted for shitty leadership.
The shit happens from how these funds are bound by their statutes to buy into index funds. A while back, there has been some insightful commentaries here on HN regarding the spacex IPO and the subversion of stock exchange.