CalSTRS leaves old funds out of PE fee transparency report


CalSTRS, private equity, pension fund, venture capital
  • AB 2833 requires CA pensions to make reasonable effort to collect, report on fund fees
  • CalPERS, UC Regents included older funds in reports
  • CalSTRS staff concerned about releasing fee, expense data from older funds
California State Teachers’ Retirement System declined to release information about the fees and expenses charged by its older private fund managers, limiting insight into the myriad costs private equity firms impose on investors. A state law that took effect last ...

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