Detailed text transcripts for TV channel - MSNBC - 20140320:00:56:00
State has a higher allocation of its pension funds invested in hence funds. also, governor chris christie happens to be a favorite of hedge fund managers who have donated heavily to his campaign. this got lee fung thinking. why is it a red flag at all, why isn't it awesome that new jersey has tons of money in hedge funds? >> i think there's academic research on the right and left that shows that pension funds that invest in more conservative strategies, index funds, equi equities, just s&p 500 perform better than with hedge funds and hedge funds and other alternative investments have huge fees...