The Pension War Room™️remembers the time when Travis intentionally misstated the state of academic research. He said AIMCO, as a large fund, would generate economies of scale when ATRF was taken over. #ABLeg #wrong #handsoffmypension
https://twitter.com/charlesrusnell/status/1451923272539406340
Academic research in the area shows that expanding >$100 billion funds (like AIMCO) results in DIS-ECONOMIES OF SCALE. Which is to say, higher not lower costs. As well, the investment costs per member of plans using AIMCO have gone up every year. #ABLeg #handsoffmypension
Travis also said investment performance would improve. As I hope my years long analysis has showed you, that is highly unlikely.
Travis should have asked his staff at TBF to do an analysis. But no. That was not possible. #ABLeg #handsoffmypension
Travis should have asked his staff at TBF to do an analysis. But no. That was not possible. #ABLeg #handsoffmypension
May I also add, TBF does not have a great understanding of administrative law or of the Teachers' Pension Plan Act resulting in a costly lawsuit. It is unfortunate but Trumpian claims need to be tested in court. #ABLeg
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