CalPERS reviews US$50m fees to placement agentBY MICHELLE BALTAZAR | FRIDAY, 16 OCT 2009 1:00PMThe largest public pension fund in the US, CalPERS, is to investigate "success fees" paid to placement agents by its external fund managers after a disclosure report found more than US$50 million in fees were paid to a placement agency ran by a former CalPERS board member. |
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