Monday, June 08, 2009

STRS—ACTUAL VALUE ADDED


Note: Remember to click any images you want to enlarge.

From Mario Iacone, June 8, 2009

Consider the following statement from an STRS Staff member to Representative Bacon.


“Furthermore, the
added value by STRS Ohio inter
nal staff this past year alone was $215 million (FY 2008) compared to the $6 million paid in incentives - the total paid for FY 2008 pbi's.”

“generally only 1 out of 5 years are returns negative,”

and investment management by STRS Ohio internal staff saves Ohio taxpayers more than $100 million a year compared to investment management by Wall Street firms.

Examine the following chart and notice that the ACTUAL VALUE ADDED was 3.30% for the last ten years.

......................................................

Examine the following chart and notice VALUE ADDED by the Vanguard Long Term Treasury Fund was 7.78% for the last ten years.

STRS Members must work diligently to get STRS to:

1) REDUCE PERCENTAGE OF RISK EQUITIES

2) MANAGE RISK EQUITIES EFFECTIVELY TO REDUCE LOSSES and PROTECT PROFITS.

Larry KehresMount Union Collge
Division III
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