US - CalPERS will be reviewing the fees paid to third party marketers by its money managers after it learned one manager paid over US$50m to a firm owned by a former board member.
The California Public Employees' Retirement System said it received information from one of its money managers that the firm had paid $50m to ARVCO Financial Ventures, a placement agent owned by Al...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
