Op-Ed: Using the Risk-Free Rate as a Basis to Optimize Investment Costs (Part 1)
Veteran investor Tony Waskiewicz asks how much of the risk-free return you are willing to give up to pursue alpha.
Tag: fees
Asset Management Culture
Ohio Pension Plan Would Disclose Manager Fees, Livestream Meetings Under New Legislation
In transparency move, proposed bill would also create a new legislative panel to review pension system fees and employee salaries.
Mispricing Fees ‘Can Be Fatal’ for Asset Managers’ Business
Managers can lose millions by either overpricing or under-pricing fees.
UK’s FCA Proposes Ban on Contingent Pension Transfer Fees
Regulator says lucrative transfer incentives create conflict of interest for advisers.
Newsmakers
New Maryland Law Requires State Pension to Reveal All Fees
Unreported carried interest accounted for as much as 35% of state pension’s total fees in 2018.
At Morningstar: ETF, Mutual Fund Securities-Lending Programs Coming Under Scrutiny
Practice seen as less risky as it was before the financial crisis.
Newsmakers
Warren Buffet Tells Pensions and Endowments to Cut Management Fees
Wizard of Omaha has slipped in some subtle advice for funds in Berkshire’s annual letter.
CalPERS Pressured into Rethinking Private Equity Strategy
Pension fund defends use of “essential” asset class, despite high fees.
Pennsylvania Watchdog Slams ‘Unfair’ Pension Fees
The state’s Public School Employees’ Retirement System says the returns justify the fees.
Public Pensions Pay Higher Fees as Investments Shift Toward Equities, AI
Pew report says states are paying billions of dollars in unreported fees.
Pennsylvania Gets on Indexing Bandwagon
State treasurer expects the move to save the state about $5 million a year in fees paid to managers.