Reported 6 months ago
An intense battle is ongoing over the future of Ohio's $94 billion teacher pension fund, with reformers attempting to secure promised benefits for retirees through an aggressive investment firm promoting an untested AI-driven trading strategy facing scrutiny. The State Teachers Retirement System of Ohio is under scrutiny as the board is divided, and the fund is facing allegations of misconduct, prompting investigations by state officials. The controversy involves accusations of potential hostile takeovers, opaque management practices, and calls for more transparency in the fund's operations and investments.
Source: YAHOO