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God almighty, spare me…I can’t imagine anything John Liu has done that has had an impact on the capital market.

That’s from an unidentified former city pension board executive, quoted in a story about City Comptroller John Liu’s investment returns of pensions while he’s been in office. The funds, he said, had a 20% return since last July due to his diverse investments—but probably more from the bounce back from stock and bonds markets. The Daily News points out that the “rebounding market has been a boon to pension funds across the country.” I wonder if John Liu is taking credit for that, too.

-KH

[DN]

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