Buy My IOU – Sell Your Government IOU For CASH

Global hedge funds are vying for allocations from Japan’s corporate pension fund managers, who oversee about $ 740 billion and are seeking alternatives to stocks following the March earthquake.
BusinessWeek.com — Finance

To rein in pension costs, the Costa Mesa city council sent termination notices to almost half of the city’s municipal employees
BusinessWeek.com — Finance

The New York City Comptroller’s office backed out of a scheduled meeting with Blackstone Group LP and trustees for the city pension funds who want the firm to repudiate chief strategist Byron Wien’s statement that public- employee retirement benefits are too high.
BusinessWeek.com — Finance