Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

PENSION FUNDS AN INCREASING FORCE TO BE RECKONED WITH
NY POST ^ | April 13, 2003 | ERIC MOSKOWITZ

Posted on 04/13/2003 3:18:48 AM PDT by Liz

Edited on 05/26/2004 5:13:18 PM PDT by Jim Robinson. [history]

The new owner of U.S. Airways Group, Inc., which exited from bankruptcy proceedings two weeks ago, isn't a multi-billion dollar leveraged buyout firm or a fellow airline.

It's the state of Alabama's retirees.

Retirement Systems of Alabama (RSA) this past week completed a $315 million financing structure with the nation's No. 7 carrier to become its majority owner - the first time a pension fund has taken a controlling interest in a blue-chip company, according to Carl Hess, global director of asset allocation at the pension consulting firm Watson Wyatt Worldwide.


(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Extended News
KEYWORDS: pensionfunds

1 posted on 04/13/2003 3:18:48 AM PDT by Liz
[ Post Reply | Private Reply | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson