City & County of San Francisco Employees’ Retirement System board member Herb Meiberger has some support from the Oracle of Omaha, Warren Buffett.
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“I would not go with hedge funds — would prefer index funds,” Buffett scribbled on the letter Meiberger wrote to Buffett, asking what the pension fund should invest in.
H/T PIOnline
See full letter on “Warren Buffett To Pension Fund Trustee: Don’t Invest In Hedge Funds” in PDF format here.
Warren Buffett To Pension Fund Trustee: Don’t Invest In Hedge Funds
