Remember Rick Perry’s buddy who paid $700,000 to Kentucky’s favorite placement agent?
Well… Commerce Street Partners fell of a cliff. 13.9% in a single month (August), according to Kentucky Retirement Systems (Warning: External PDF Link).
While the money isn’t huge, the percentage is off the charts. Its benchmark was up +0.79% for August (Warning: External PDF Link).
This guy in Dallas has written quite a bit about Dory Wiley of Commerce and placement agents in Texas.
And you’re still wondering why Kentucky can’t have nice things.