CalSTRS leaves old funds out of PE fee transparency report


CalSTRS, private equity, pension fund, venture capital
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
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 year, ...

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