AFSCME Taps Forbes Finance Expert to Probe Hedge Fund Investments

AFSCME Taps Forbes Finance Expert to Probe Hedge Fund Investments

Forbes pension contributor Ted Siedle will be retained by AFSCME (American Federation of State, County, and Municipal Employees) to investigate the state pension system, according to AFSCME Council 94 Executive Director Ken DeLorenzo.

"We're engaged in discussions to retain Ted Siedle," said DeLorenzo.

Siedle, who has written about Rhode Island pensions, including "Rhode Island Public Pension Reform Looks More Like Wall Street Feeding Frenzy," is slated to be looking into hedge fund fee structure.

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The experienced former SEC investigator has been critical of General Treasurer Gina Raimondo and her investment strategies, specifically shifting funds to alternative investments - Hedge Funds. 
 

GoLocal has an indepth story on this issue featured tomorrow - more to come.