Feb. 10, 2022
RE: PROPOSED PRIVATE FUND ADVISORS RULE Thank you so much for finally attempting to curb these predatory monsters. I have been complaining to my pension fund (New Mexico Public Employee Retirement Association) for a decade about these scoundrels, and all I get is obfuscation and opacity. With $1.5B at their disposal these "investment advisors" have provided zero returns to NMPERA in 12 years, and all we get is promises about fabulous future gains. Our Comprehensive Annual Financial Review has become so opaque about these "alternative" investments that I can no longer even begin to parse what they are doing. I would run for the Board (they put up no resistance) but I live in another state so I'm screwed along with the membership. The more onerous the rule the better in my opinion. And don't forget to provide the threat of jail time for the miscreants. It's long past time to end "cost of doing business" for these swine. Thanks again and all the best; Jim Barr Newport