NOLA – Standing before the trustees of one of the state’s largest pension systems, Joe Meals began his pitch with an apology.
Meals, the executive vice president and senior consultant of the Nashville firm Consulting Services Group, offered a new investment option, a hedge fund that promised the Firefighters’ Retirement System a guaranteed 12 percent return on its money. If the return dipped lower, he said, the difference would be made up by an anonymous financial backer.
