Forbes Columnist Siedle Responds to MINDSETTER™ Riley’s Charges
Wednesday, November 04, 2015
Imagine my surprise to learn that, according to Michael Riley, my diabolic influence over former Treasurer Gina Raimondo caused her to hire and fire certain hedge funds.
Apparently for years—unbeknownst to the public (and me)—I have been in control of the state pension.
“Rhode Island losses reached 4.69% at quarter's end and being over $1 billion behind target returns over the last 18 months is alarming,” says Riley.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTThe good news is Rhode Islanders haven’t had to pay me for secretly managing the pension. On the other hand, I guess I did cause Rhode Island’s spectacular hedge fund losses. Sorry about that.
Actually, says Riley, “union activists” Marcia Reback and AFSCME also are responsible.
Seems everyone except the current and former Treasurer is to blame.
Since the cat is out of the bag and everyone now knows I am in control of the plummeting state pension, I strongly suggest you come to the Rhode Island Retired Teachers Association’s seminar on November 18th at the Crown Plaza Hotel in Warwick. http://rirta.org/eventsseminars/edward-siedle-event/
Given my omnipotence over Rhode Island’s investments, you cannot afford to miss what I have to say.
Related Slideshow: Timeline - Rhode Island Pension Reform
GoLocalProv breaks down the sequence of events that have played out during Rhode Island's State Employee Pension Fund reform.
Related Articles
- NEW: Siedle Blasts Raimondo for Withholding Hedge Fund Info
- MINDSETTER™ Ted Siedle: News from the State Pension is All Good
- In Case You Missed It: Siedle Report on RI Pension Investments
- State Pension System to be Investigated by Siedle
- Riley: AFSCME, Ted Siedle and Marcia Reback Hurt Rhode Island Retirees
- Ted Siedle: Hedge Fund Industry Loves RI Pension—For Good Reason
- Ted Siedle and Matt Taibbi: 13 Who Made a Difference in RI in 2013
- Firms Paid Millions to Manage RI Pension Money They Didn’t Have
- 38 Firms That Made the Most in Upfront Fees from RI Pension Fund
- NEW: NFLPA Releases Statement on Brady Suspension
- New England Patriots Statement on Brady Suspension
- NFL Upholds Brady’s 4 Game Suspension
- Providence Pension Watchdog Riley Releases Report, Calls for More Answers
- INVESTIGATION: Investment Firms Not Sharing Vendor Discounts with RI Pension Fund
- Students With Disabilities Made up 32.90% of Suspensions in RI Schools
- Moore: Elorza Must Pursue Pension Reform
- The Highest Paid Investment Firms in RI Pension System
- GoLocalTV: NFL Upholds Brady’s Suspension as Pats Begin Training Camp
- Brady Responds, Blasts NFL’s Decision to Uphold Suspension
- Tom Brady’s Suspension is Overturned
- Nguyen: The Judge’s Logic in Overturning Brady’s 4-Game Suspension
- Moore: Sounding the Alarm on Pension Fund Returns
- Inside the Numbers on Tom Brady and NFL Suspensions
- Judge Taft-Carter Dismisses Pension Lawsuits, But Fight To Continue
- Corrupt Providence Officials and Their Pensions
- Cost of Pensions for Corrupt Providence Officials in the Millions
- RI’s Economic Study Funder Manages $65 Million in RI Pension Money
- NEW: Forbes’ Siedle to Conduct New Investigation into RI Pension Fund
- Forbes’ Siedle Hits Goal with KickStarter to Audit RI Pension System
- Riley: A Corrupt Providence Approaches Default
- Riley: Comparing Providence to Greece
- Riley: Providence Rhode Island Defaulted June 30, 2015…So What
- Riley: California Municipal Bondholder Law Follows Rhode Island
- Riley: Default in Providence. Where is our Governor?
- Riley: Countdown to Default in Providence
- Riley: Leaders Silent on “Enron-esque” Providence Pension Debacle
- Riley: I’ll Gladly Pay You Tuesday for a Hamburger Today
- Fire Fighters Sue Providence After GoLocal’s Riley Unveils Missing $60 Million
- Riley: Raimondo and Mattiello Fiddle While Providence Implodes
- Riley: Simple Questions in Need of an Answer by Providence Officials
- Riley: Providence, Ken Lay and the Securities Exchange Commission
- Riley: Effect of Insider Politics on RI’s Pension Fund Under-Performance
- Riley: Raimondo Strikes Out
- Riley: What Happened to Rhode Island’s Municipal Pension Crisis?
- Riley: RI Investment Adviser “Sell Providence RI Bonds”
- Riley: I Reject the Findings of 38 Studios Hearings - Part 2
- Riley: The Yates Doctrine
- Riley: Rhode Island Pension Fund Meltdown in Full Force
- Riley: Providence’s Cash Flow Problem
- Riley: Why is Governor Raimondo Misleading Bond Investors?
- Riley: Wild Week Exposes Risks in Rhode Island and Providence Portfolios
- Riley: Amateur Hour in Providence Pensions
- NEW: Forbes’ Siedle Releases Latest Investigation into RI Pension System
- Siedle’s Pension Investigation Crowdfunding Project Breaks 52%
- NEW: RI Pension Investigation Kickstarter Campaign by Forbes’ Siedle Goes Live
- NEW: Forbes’ Siedle Launches Crowdfunding Site to Investigate Pensions