that...seems a bit much. roughly $1 billion a year in overhead costs, for a $64 billion investment fund. I'd be happy to do it for only half as much. if anyone at PSERS is reading this, DM me....
The pension plan has paid $4.3 billion in fees and related fund expenses to external managers over the past four fiscal years -- while over the same period members paid $4.2 billion into the plan.
that...seems a bit much. roughly $1 billion a year in overhead costs, for a $64 billion investment fund.
I'd be happy to do it for only half as much. if anyone at PSERS is reading this, DM me.
Officials of the $64 billion PSERS plan have confirmed that eight staffers have hired lawyers since the investigation began under a policy that will pay up to $40 million in total legal bills in any one year for agency staff caught up in one investigation.
that...seems a bit much. roughly $1 billion a year in overhead costs, for a $64 billion investment fund.
I'd be happy to do it for only half as much. if anyone at PSERS is reading this, DM me.
Philadelphia Inquirer has an ongoing play-by-play as well as some interesting backstory from a few days ago: With a $40 million limit, Pa.’s biggest pension fund is lawyering up to confront FBI probe