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Are CalPERS' Fiduciaries Breaching Their Duties?
Pension PulseLink to more items from this source
June 26, 2015

"It's utterly unacceptable for any limited partner (pension fund, sovereign wealth fund, insurance company, endowment, etc) not to know the fees it's doling out to private equity funds. In the case of CalPERS, the largest most followed public pension fund in the U.S., it's worse as it should publicly disclose all fees being doled out to each of their GPs (private equity and other external funds)."

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