Showing posts with label Ron Elmer. Show all posts
Showing posts with label Ron Elmer. Show all posts

Tuesday, March 8, 2016

Look who's trying to buy some NC Treasurer candidate Dale Folwell? Robinson Bradshaw pay to play

The Candidate's website


JON HARDISTER FOR NC HOUSE
PO BOX 4113
GREENSBORO, NC 27404

Jon Hardister = Goldman Sachs and the financial industry
if he is supporting Dale Folwell

Surprised there isn't a Tony Wilkins contribution

RICHARD A VINROOT
ATTORNEY
ROBINSON BRADSHAW & HINSON PA
325 CHEROKEE PLACE
CHARLOTTE, NC 28207

Charlotte Observer; "Our choices for N.C. treasurer"; Where is Greensboro News and Record's endorsement for treasurer?

http://greensboroperformingarts.blogspot.com/2016/03/charlotte-observer-our-choices-for-nc.html

ELIZABETH M SEYMOUR
MANAGER
WELLS FARGO CORP
3520 BIRKDALE LAKE COURT
CLEMMONS, NC 27012

Wells Fargo manages North Carolina's Stable Value funds
which charge at least twice what they should,
and Dale Folwell appears to be on board
with campaign contributors skimming profits 
from North Carolina employees

A Few Observations on Share Classes and Wells Fargo Stable Return Fund

http://hartzman.blogspot.com/2014/06/a-couple-of-observations-on-share.html

ALICE ADAMS
ATTORNEY
ROBINSON BRADSHAW & HINSON PA
6717 WYNFAIRE LANE
CHARLOTTE, NC 28210

ALLAIN C ANDRY IV
ATTORNEY
ROBINSON BRADSHAW & HINSON PA
114 PETERS PLACE
DAVIDSON, NC 28036

Robinson Bradshaw is a big player at the Treasurer's office, 
reaping millions in fees defending the state
in exchange for campaign cash

CARL BEATTIE
ATTORNEY
ROBINSON BRADSHAW & HINSON
101 N TRYON ST STE 1900
CHARLOTTE, NC 28246

GAIL NORRIS BLANTON
CONSUMER FINANCE
TIME INVESTMENT CORPORATION
3069 DARTMOUTH DR
GREENVILLE, NC 27858

DONALD J BRADY
CHAIRMAN
BRADY SERVICES
PO BOX 13587
GREENSBORO, NC 27415-3587

JAMES EDGAR BROYHILL
PRESIDENT
ANVIL VENTURE
525 N HAWTHORNE RD
WINSTON-SALEM, NC 27104

Looks like the Broyhill's are looking to buy some North Carolina investment business from Dale

JAMES T BROYHILL
US SENATOR
RETIRED
1930 VIRGINIA RD
WINSTON-SALEM, NC 27104

http://www.sec.gov/Archives/edgar/data/351786/000114420416077785/v429955_def14a.htm

ROBERT BRASWELL
PRESIDENT
CAROLINA BANK
1101 COUNTRY CLUB DR
GREENSBORO, NC 27408

Associated Press misleads for Wall Street against Ron Elmer; "Correction: Primary-Council Of State story"; Don't expect the News and Record to tell anyone in print

http://greensboroperformingarts.blogspot.com/2016/03/associated-press-misleads-for-wall.html

CYNTHIA L COLLINS
ATTORNEY
ROBINSON BRADSHAW & HINSON PA
1906 BEARKLING PLACE
CHAPEL HILL, NC 27517

Robinson Bradshaw & Hinson, P.A. has hired attorney Cynthia Collins, formerly the deputy attorney general for the State of Delaware and general counsel to the Delaware Public Employees Retirement System (DPERS). Collins will co-chair the firm’s institutional investors practice and work with the firm’s fund formation and investment management group.

Pay to Play

Collins has extensive experience representing institutional investors in structuring, negotiating and managing portfolio investment transactions. She negotiated more than $1 billion in private equity, real estate, hedge fund and other alternative investments for DPERS, as well as co-investments and secondary transactions. Collins has also negotiated investment management agreements and created special funds for a variety of purposes.

http://www.robinsonbradshaw.com/newsroom-news-Robinson-Bradshaw-Expands-Fund-Formation-and-Institutional-Investors-Practices-02-02-2015.html

Monday, March 7, 2016

Associated Press misleads for Wall Street; "Correction: Primary-Council Of State story"; Don't expect the News and Record to tell anyone in print

"RALEIGH, N.C. (AP) — In a story Feb. 27 about primary elections for statewide Council of State offices, The Associated Press reported erroneously that the political arm of the State Employees Association of North Carolina endorsed Dan Blue III in the Democratic Party contest for state treasurer. 

The group instead endorsed his opponent, Ron Elmer."

Greensboro's News and Record represents the best interests of Wall Street
as opposed to "more than 900,000 North Carolina teachers, state employees, 
firefighters, police officers and others"

"TREASURER

The treasurer's primary job is overseeing and investing public employee pension funds for more than 900,000 North Carolina teachers, state employees, firefighters, police officers and others valued at about $87 billion. He or she also controls the health insurance program for state employees, teachers and retirees.

The News and Record and other Warren Buffett owned news outlets
are going to try to take down Ron Elmers for Wall Street profit
instead of more money in North Carolina employee pockets

Republican Dale Folwell faces no primary opposition. He'll face the winner between bond lawyer Dan Blue III of Raleigh or Ron Elmer of Cary..."

Dan Blue is on bond lawyer.

How clueless is anyone who endorses a lobbyist for NC Treasurer?

Most of the state's sold out press like Greensboro's News and Record

http://www.greensboro.com/news/north_carolina_ap/correction-primary-council-of-state-story/article_f84e8876-86c7-5cf7-84e1-9341778e2a4c.html
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Charlotte Observer; "Our choices for N.C. treasurer"; Where is Greensboro News and Record's endorsement for treasurer?


http://greensboroperformingarts.blogspot.com/2016/03/charlotte-observer-our-choices-for-nc.html
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What do all these fine folks want to get out of Dan Blue being North Carolina's Treasurer?

http://greensboroperformingarts.blogspot.com/2016/03/what-do-all-these-fine-folks-want-to.html

NC Treasurer Janet Cowell Contributions; "Law Firms Seek Cut of State Pension Litigation" and Pay to Play

http://hartzman.blogspot.com/2014/10/nc-treasurer-janet-cowell-contributions.html

Sound Familiar?; Who do you think Greensboro's News and Record is going to endorse?

http://greensboroperformingarts.blogspot.com/2016/03/sound-familiar-who-do-you-think.html
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Copy the Federal Thrift Savings Plan, 
the same proposal from Greensboro's 2013 mayoral race
which the News and Record and the Triad Business Journal didn't report on;

https://web.archive.org/web/20160225170617/http://www.elmerfortreasurer.com/




Comments at Greensboro's City Council Meeting on NC State's 401(k) plan and ICMA's 457 plan

...In 2010, Galliard Capital Management, a subsidiary of Wells Fargo, started managing portions of North Carolina's 401(k) and 457 retirement plan's Stable Value Funds, and then hired Wells Fargo to do the same, which appears to mask underlying costs taken from state employees accounts and funneled to Galliard's parent company.

The State Employees Association found that North Carolina's pension doesn't disclose underlying hedge “funds of funds” fees.

In 2013, North Carolina State 401(k) and 457 target date funds, which are also like stable value or fund of funds, replaced two index funds with higher cost alternatives. The fees for the international allocation more than doubled and small cap fund costs about quadrupled.

http://hartzman.blogspot.com/2014/10/comments-at-greensboros-city-council.html

Jeff Gauger, Stephen Doyle, Allen Johnson and Doug Clark 
are going to maximize Warren Buffett's profits
at the expense of North Carolina employees
again

Galliard, owned by Wells Fargo, North Carolina Stable Value Fund Transition Update; May 16, 2013

http://hartzman.blogspot.com/2014/10/galliard-owned-by-wells-fargo-north.html

Ron Elmer would take profit away from Wells Fargo, 
which Warren Buffett owns more than 9% of 

How to save $35,122,520 for Greensboro, North Carolina's employees invested in ICMA-RC's 457 retirement plan

http://hartzman.blogspot.com/2015/01/how-to-save-35122520-for-greensboro.html

Please support Charlotte, North Carolina in saving $22,048,780.40 for their employees invested in ICMA-RC's 457 retirement plan

http://hartzman.blogspot.com/2015/01/please-support-charlotte-north-carolina.html

North Carolina State Budget Act, Chapter 143C

http://hartzman.blogspot.com/2014/10/north-carolina-state-budget-act-chapter.html

North Carolina State 401(k) replaced index funds with higher cost actively managed accounts in 2013

http://hartzman.blogspot.com/2014/10/north-carolina-state-401k-replaced.html

A Few Observations on Share Classes and Wells Fargo Stable Return Fund

http://hartzman.blogspot.com/2014/06/a-couple-of-observations-on-share.html

Saturday, March 5, 2016

Sound Familiar?; Who do you think Greensboro's News and Record is going to endorse?

"Over the past 15 years, the North Carolina state pension’s funding ratio has deteriorated – falling from 112.8% to 94.8%.  The major reasons for the decline—excessive undisclosed fees and wildly speculative hedge and private equity investing..."

Greensboro's News and Record is directly responsible 
for North Carolina and the City of Greensboro's employees 
paying more for pension and retirement investments than necessary,
as they have known for years and did nothing

Thankfully, for whatever reasons, current North Carolina Treasurer Janet Cowell—having exponentially increased the fees paid to her pals on Wall Street—has decided not to seek reelection.

Can’t imagine where she’ll surface next.

...Mr. Elmer, a CPA, has committed not only to publishing financial statements for the North Carolina state pension fund for the first time in 15 years, but also an independent audit of the pension for the first time – ever.

Jeff Gauger has direct personal knowledge
of Elmer's strategy, as I told him on multiples of occasions
and he didn't let Warren Buffett's newspaper report the story

Elmer has pledged not to take campaign contributions from Wall Street but his goals are bigger than winning the Treasurer’s race without Wall Street’s money.  He plans to end pay-to-play permanently in the Treasurer’s office by firing as many of the external managers as possible, bringing North Carolina’s money home, and managing assets in-house using an indexing strategy.  Finally, Elmer plans to replace the widely-criticized “sole-trustee” power of the State Treasurer with a Board of Trustee structure filled with relevant stakeholders – not Wall Streeters.

Joe Killian and Susan Ladd know exactly what could have been reported
and wasn't,
and then Joe's wife became a financial industry lobbyist

Thus, the next Treasurer won’t be able to dole out million dollar investment contracts to campaign contributors without the full consent of the Board of Trustees who would have to vote to move investments from in-house management back to the outhouse.

Jon Hardister barely lifted a finger,
and then failed to act in the best interests of North Carolina employees
by not following through

Elmer has managed state pension investments for Georgia and California, but more importantly, Elmer has previously managed a $2 billion stock index fund for the North Carolina pension fund.  He has quite literally “done this before” and just wants to “do it across town in the Treasurer’s office and save North Carolina hundreds of millions of dollars annually.”

http://www.forbes.com/sites/edwardsiedle/2016/03/01/finally-north-carolina-has-a-good-choice-for-state-treasurer/#70d0935a79cb
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From; NC District 59 Representative Jon Hardister To; NC Treasurer's Office "pertaining to 401(k) and 457 plans"

http://hartzman.blogspot.com/2014/10/from-nc-district-59-representative-jon.html

Tony Wilkins, Nancy Vaughan, Nancy Hoffmann, Sharon Hightower, 
Yvonne Johnson, Mike Barber, MariKay Abuzuaiter and Jamal Fox
with Jim Westmoreland, Donnie Turlington and Mary Vigue's help 
betrayed those they are supposed to represent

On North Carolina State's 401(k) and 457 "GoalMaker" Target Date Funds

http://hartzman.blogspot.com/2014/10/on-north-carolina-states-401k-and-457.html

North Carolina State 401(k) replaced index funds with higher cost actively managed accounts in 2013

http://hartzman.blogspot.com/2014/10/north-carolina-state-401k-replaced.html

A Few Observations on Share Classes and Wells Fargo Stable Return Fund

http://hartzman.blogspot.com/2014/06/a-couple-of-observations-on-share.html

A Few Observations on Share Classes and Wells Fargo Stable Return Fund

http://hartzman.blogspot.com/2014/06/a-couple-of-observations-on-share.html

"Secrecy in Pensions Triggers Legislative Brawl in North Carolina"

http://hartzman.blogspot.com/2014/10/secrecy-in-pensions-triggers.html

NC State Treasurer Janet Cowell's answer to the following question in 2012

http://hartzman.blogspot.com/2014/10/nc-state-treasurer-janet-cowells-answer.html

"North Carolina Treasurer [Richard Moore] calls Wells’ Wachovia deal ‘highway robbery’

http://hartzman.blogspot.com/2014/10/north-carolina-treasurer-richard-moore.html

NC Treasurer Janet Cowell Contributions; "Law Firms Seek Cut of State Pension Litigation" and Pay to Play

http://hartzman.blogspot.com/2014/10/nc-treasurer-janet-cowell-contributions.html

Crow Holdings Capital Partners LLC and Pay to Play with NC Treasurer Janet Cowell

http://greensboroperformingarts.blogspot.com/2014/10/crow-holdings-capital-partners-llc-and.html

"NC Pension Accused of Pay-to-Play Violations"

http://hartzman.blogspot.com/2014/10/nc-pension-accused-of-pay-to-play.html

And so it goes with the Federal Reserve and Roy Cooper and Janet Cowell again

http://greensboroperformingarts.blogspot.com/2016/01/and-so-it-goes-with-federal-reserve-and.html

The Goodmons, WRAL, Janet Cowell and Roy Cooper, overcharging North Carolina State employees in retirement plans and the Wachovia, Wells Fargo merger

http://greensboroperformingarts.blogspot.com/2016/01/the-goodmons-wral-janet-cowell-and-roy.html

Galliard, owned by Wells Fargo, North Carolina Stable Value Fund Transition Update; May 16, 2013

http://hartzman.blogspot.com/2014/10/galliard-owned-by-wells-fargo-north.html

Why North Carolina Treasurer Janet Cowell isn't running for reelection, and how the City of Greensboro's retirement plan committee betrayed their co-workers

http://greensboroperformingarts.blogspot.com/2015/12/why-north-carolina-treasurer-janet.html

Public Information Request for the State of North Carolina's Treasurer

http://greensboroperformingarts.blogspot.com/2014/10/public-information-request-for-state-of.html