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State-run government pension funds spent $10 billion on fees and performance bonuses in 2014

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By NJSpotlight. Originally published at ValueWalk.

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How N.J.’s public pension investments performed compared to U.S.

TRENTON — State-run government pension funds spent $10 billion on fees and performance bonuses in 2014 to private managers of their alternative investments, a strategy that has stirred controversy in New Jersey. The report from the Pew Charitable Trusts found that the 73 largest state and local public pension funds invested about half their assets in…

The post State-run government pension funds spent $10 billion on fees and performance bonuses in 2014 appeared first on ValueWalk.

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