|
Ohio SERS is taking extra measures to monitor private equity fees and performance |
|
The $12.82 billion pension system is among a small-but growing-group of investors that have examined their private equity fee and expense statements more closely as a result of heavier industry scrutiny by the Securities and Exchange Commission in recent years. Once seen as an esoteric topic of conversation, private equity fees are coming into the spotlight as investors from the California Public Employees’ Retirement System to the Los Angeles County Employees Retirement Association seek more transparency on the costs they bear from private equity firms they back.
|