FIRST AIRED: May 23, 2017

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the Titans of the hedge fund industry to absorb some humble pie New York city's largest public pension fund voted on Thursday to take away all its retirement money invested with Fred Barnes , and along with that some harsh words from the account overseer New York City public advocate Letitia James , the fifty one billion dollar New York City employees retirement system joining other public pension funds around the country including the nation's biggest and California they're upset with a rich and powerful industry that's been charging high fees and offering substandard returns after my mother public pension funds are in there and they now hold self government very calmly you know looking in their accounts and things expending a lot of money needs that confidence that I know producing results and actually collecting the money , when the swell and hedge funds used to pride themselves on beating up the stock market with outside gains , not commanding hefty management people being pulled the smartest guys in the room that luck has changed , not in the most recent year the city's public pension fund set Thursday said enough , forty million dollars