Many of the country's largest public pensions lack transparency in how they disclose investment management fees, particularly when it comes to alternative assets, according to a research brief recently published by Pew Charitable Trusts.
Researchers looked at the fee disclosure policies of the 73 largest funds, which collectively account for $2.9 trillion, or 95 percent of all public pension assets.
While all of those plans receive disclosure guidance from the Government Accounting Standards Boards, states are left to their own devices when it comes to interpreting and implementing that guidance.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
