Christopher Ailman, chief investment officer of California State Teachers Retirement System, speaks during a lunch panel, “Europe at a Crossroads,” at the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2012. Photo courtesy Reuters/Fred Prouser
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 ...