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2016 Postmortem

1939

(1,683 posts)

6. Alliance Berstein

Reply to cloudbase (Reply #2)

Fri May 8, 2015, 08:55 AM

May 2015

Alliance Bernstein was handling the Florida pension funds. Much more damaging to the funds was the A-B investments in Enron. As I recall (dim memory) A-B got sued by outraged beneficiaries over the losses but i don't recall the outcome. A-B does (or did) the stock picking for the Florida funds.

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Highlight:

Jeb Bush as FL Gov invested $1.3 million in state pension fund money in pornography, says report [View all] John Poet May 2015 OP

A real Bush scandal would be he bought the shares to bail out Neil or Marvin or something. Gidney N Cloyd May 2015 #1

I'm waiting for "the other shoe to drop". John Poet May 2015 #3

I'll give him a pass on this one. cloudbase May 2015 #2

Alliance Berstein 1939 May 2015 #6

Never mind the porn--2005 is pretty late to think that DVD and VHS rentals were a smart investment. tanyev May 2015 #4

That's why I think he was bailing out a family investment. Like when Bar bought Neil's... Gidney N Cloyd May 2015 #5

Seriously? Agschmid May 2015 #7