New York City

Bids by jurisdictions such as New York City and California to create private sector savings plans offer little in the way of lifetime income.
Prices are soaring, rents are rising, and cap rates are down. Does this sound like a bubble? Not yet, say the experts.
If you’re going to read one thing this weekend, I suggest you make it Imogen Rose-Smith’s recent article on the ongoing effort to reform New York City’s pension.
The New York City teachers union feels under attack and their long-cherished sweetheart work rules are in jeopardy. And who are they blaming for this? Hedge funds. That’s right.
Almost all the 2008 losses stem from investments in Quadrangle Group, an investment firm co-founded with Steven Rattner.