Brad Pacheco
Brad Pacheco
investing job phenomenal
They've done a phenomenal job of investing for us.
assets bonds buy run
Our assets are run to (match) the Lehman Bros. Long Liabilities Index. The new bonds will be part of the index. We will have to buy them at some point.
continue purchase watch
They're going to continue to watch them and it may be something we purchase in the future.
attempt corporate disclosure failed lack oversight practice responsibility threat
We really feel there was a lack of oversight and failed responsibility for disclosure of compensation practices. There was an eleventh-hour attempt to come up with corporate practice guidelines, but, in our view, it shouldn't take a proxy threat to get action.
firm overhead pay placement tough
We are pretty tough on fees. We are not going to pay a firm more because they have some overhead with a placement agent.