By Jeff Hooke and John Walters, intro includes “… In this report, the Maryland Public Policy Institute updates calculations completed two years ago for the fiscal year ending June 30, 2012. The conclusions then are identical to those today—more fees equal lower returns. Neither state pension fund trustees, pension fund executives, nor investment management industry executives contested the findings of the earlier study, which were reasonably publicized…”
Read the full article on: The Maryland Public Policy Institute