Comment on Response cites markets, not management for pension fund's woes

Response cites markets, not management for pension fund's woes

An unrelenting market force and not poor investment choices and mismanagement by an ill-equipped director and inattentive board of trustees put the Jacksonville Police and Fire Pension Fund into its troubling financial position, claims a report issued to the pension fund’s trustees Friday. The report, created by the pension fund’s South Florida legal firm, is in response to the blistering forensic investigation last year by Edward “Ted” Siedle of Benchmark Financial Services. read more

 

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