"And unless you have some numbers, I'd dare to say they didn't underperform the average private funds of the same size."

When I was monitoring the returns on investment from PERS when I supped at that public trough, they were consistently better than the markets did usually---- by about two percentage points.  The PERS investment gurus were just better.

The Republicans have been running poor candidates for years.  

That doesn't excuse the winners for being so incompetent regarding CRC, Hwy 20, or the Cover Oregon debacle...add those up and we almost have the $1 billion shortfall Oregon is whining about right now.