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


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.

Source: Only Robots Can Tally What the Largest U.S. Pension Fund Pays in Fees – WSJ

The entire Quant series is a must read.

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