Co-published by Westword
While calling on public employees to sacrifice, Colorado’s legislators have plowed one-fifth of these employees’ retirement savings into “alternative investments” that yield subpar returns.
Leo Hindery Jr. remembers the call he got the night before he was to testify before Congress, in September of 2007, to close a tax loophole enjoyed by private equity investors. It was from Stephen Schwarzman, co-founder of the Blackstone Group, the largest private equity management firm in the U.S.