Pennsylvania pensions push back on claims of underreported PE fees

Pennsylvania State Employees’ Retirement System, pension funds, private equity, PA SERS
A view of the Pennsylvania State House from the State Street Bridge in Harrisburg on Jan. 18, 2012. Reuters/Tim Shaffer
Pennsylvania Public School Employees’ Retirement System and Pennsylvania State Employees’ Retirement System may have paid almost three times the reported fees to their private equity general partners. The two pension systems paid almost $6 billion in PE fees in the past 10 years, ...

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