California pensions vary in approach to new PE reporting standards

LAFPP, Los Angeles Fire & Police, private equity, pension fund
A man cycles on the Venice Beach boardwalk in Los Angeles on Sept. 13, 2016. Photo courtesy Reuters/Lucy Nicholson - RTSO320
California institutions are grappling with the requirements of a controversial law requiring public pensions to report the fees and expenses charged by private equity firms. Assembly Bill 2833, which Gov. Jerry Brown signed into law in 2016, requires the state’s public ...

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