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CalPERS’ cost-cutting drive leads to big savings on fees

By Chris Clair

Tue Jun 6, 2017

California’s massive pension fund for public employees claims it has cut external management fees nearly in half and consultant fees by almost three-quarters while increasing assets under management by 63% since 2010.

The $322 billion California Public Employees’ Retirement System says that efforts to simplify its investment portfolio and reduce costs have paid off to the tune of $402...

ISSN: 2151-1845 / CDC10004H

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