9.20.2006

Truth in advertising

From the rubble of this week's blowup at Amaranth Advisors, we search for lessons from the one-time whizkids who blew half the value of their portfolio in no time flat. Chief among them? What's in a name:
The amaranths (also called pigweeds) comprise the genus Amaranthus, a widely distributed genus of short-lived herbs...

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CalPERS Fail

Despite the awesome bull market this year, CalPERS again missed its return target, earning only 5.8% vs. its required 6.8%. CalPERS has mi...