Ok. Im gona tell u all this story. again.
When ron allen became ceo he called a meeting of all the pension trust component managers.
News to me, turns out one such company had a brother of mine as a partner. And he was at the meeting with our new ceo.
When i asked him wat he thot of new mgmt team he told me "well...my company is gona lose the delta account".
Why? "My company handles institutional money (pensions) and hi net worth individuals. We have a well defined investment template. Hi quality commercial real estate with stable returns and an underlying asset value."
"Buying raw land and planting pine seedlings and writing down in the trust leger this will be worth $100M in 25 years is no way to handle pension trust funding."
"If i were you.....i would be greatly concerned with the solvency of the delta pension trusts."
Anybody recall the year ron allen became ceo?
When i offered this info to the mec....i was informed my brother was "full of ****"...
When you are involved in a comingled (blind) trust you really dont specifically know what is being done.
Last edited by BobZ; 05-19-2019 at 08:35 AM.