Beware Congress, We're All in Hedge Funds

SAN FRANCISCO, Ca --- Here's the dark secret about hedge funds -- we're all addicted to them and the  returns that only hedge funds can generate. Pension funds are at the front of the line. They're the junkies in the fund game. 

For good reason. Unfunded pension benefits are estimated to be between $600 billion and $1.3 trillion, according to JP Morgan which released the most comprehensive preliminary estimate.  No wonder those 35% average annual returns produced by hedge funds are so addictive.