Current Events > Pension fund managers have cost Americans more than $600b in the past decade

(+) Yeah! (+)

i mean i don't work in that type of place, but it's pretty standard that pension funds will have various investment professionals for different asset classes, and they'll have discretion to invest up to $x at their discretion (whatever that may be) - but for big investments over $y, you'll need board approval

and high level stuff like overall strategy/asset allocation is definitely down to a board decision

boards end up owning the decisions/performance, as it comes down on them if things go bad
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