Why I am supporting Ron Elmer for Treasurer
Ron Elmer is running for the democratic nomination for the NC Treasurer. Ron Elmer is highly qualified for the job. Here's why: He has extensive investment management experience managing institutional mutual funds and index funds. He's even managed index funds for the State Pension Fund. He's very well qualified. An NYU MBA, a CFA and a CPA. He's not a career politician - he doesn't want to use the Treasurer's office to climb the political ladder. He's a really nice guy. Ron's basic platform is to save the state millions of dollars by bringing the management of the pension fund in house and basically firing all the external managers. Once in house, he plans to index the entire $90 billion portfolio. I think that this is a brilliantly simple way that the state can save probably between $500 - $900 Million per year. Let me state that again: Ron's plan can save the State at least half a billion dollars per year and potentiall...