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August 10, 2018

US pension funds and private equity: enormous fees, poor returns

An article in the UK Financial Times from August 6 reports in these words on the conclusions from a new study of US private equity fees and returns since 2006: "US private equity managers have extracted $400bn in fees and expenses from investors since 2006 but on average they failed to beat the returns from an S&P 500 tracker fund."

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August 03, 2015

Largest US public pension funds have 'no idea' of fees paid to private equity managers

The UK Financial times reported on July 12 that Calpers, the California public employee pension fund with over USD 300 billion in assets, has 'no idea' how much has been paid in fees and carried interest to its private equity managers over the past 25 years.

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