A bison walks in Yellowstone National Park in Wyoming, U.S. on August 10, 2011. REUTERS/Lucy Nicholson/File Photo - RTSUFAX
PE management fees $26.4 mln, up from roughly $26 mln
Reliance on funds-of-funds declines, driving down costs
Questions about fees, expenses arose at Montana's last meeting
Montana Board of Investments paid its private equity fund managers more than $26.4 million in fees last year, a slight increase from a year earlier. Montana disclosed its total costs in a report prepared by CEM Benchmarking, a consultant that ...