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This is Masters in Business with Barry Rittoltz on Bloomberg Radio.

This week on the podcast, I have an extra special guest.

Jay Bowen is the manager of amongst other things, the Tampa firefighters and police pension

funds.

His firm has been managing that for over 45 years.

Their performance numbers are quite spectacular.

They approach this in an absolutely unique way.

In fact, so unique, it's become known as the Tampa model, no consultants, no third parties,

no alternatives, just stocks and bonds managed by a single firm at a very low cost.

They run about a dozen other pension firms in and around Southern Florida, as well as

elsewhere.

This is really a masterclass on how to manage a pension fund, how to keep your costs in line,

how to avoid the usual expensive consultants and third party managers.

It's really quite fascinating.

It's always interesting when you speak with someone who's a unique contrarian and approaches

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