Investments
Mar. 9, 2016
State Assembly bill takes aim at pension plan disclosure of private equity fees
Assembly Bill 2833 would mandate that California public pension plan managers seek out annual disclosure of costs and fees in private equity investments.
Daily Journal Staff Writer
A bill currently working its way through the State Assembly has turned a spotlight on a simmering issue over how the state's massive public pensions are charged when investing in private equity.
Assembly Bill 2833, introduced by Assemblyman Ken Cooley, D-Rancho Cordova, and supported by State Treasurer John Chiang, would mandate that California public pension plan managers, referred to as fiduc...
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