Comment on Only Robots Can Tally What the Largest U.S. Pension Fund Pays in Fees

Only Robots Can Tally What the Largest U.S. Pension Fund Pays in Fees

The nation’s largest pension plan has 380 people overseeing $320 billion in assets. But when one of its top officials was asked during a board meeting how much in performance fees was paid to private-equity managers, he had to acknowledge no one knew.

 

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