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CalPERS Provides First State-Required Report on Placement Fees
Pensions & Investments 
June 11, 2012 "CalPERS funded seven new investments that used placement agents that received a total of $1.85 million in fees since July 10, 2010, according to a report from the $229.4 billion pension fund. The comprehensive report is the first since new state placement agent disclosure requirements for the California Public Employees' Retirement System ... went into effect on Jan. 1, 2011.... The report ... comes after disclosures in 2010 that tens of millions of dollars in fees were being paid to placement agents who helped private equity companies receive investment allocations from CalPERS." MORE >> |
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