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Shedding More Light on Fees a State Pension Fund Pays Wall Street
Route Fifty: Maryland lawmakers are considering a bill that would impose added requirements on the state’s pension fund to disclose certain fees for investments like hedge funds and private equity.
These fees have totalled upwards of one hundred million dollars for the retirement system in some recent years, but representatives for the fund emphasize that they are tied to the size of investment profits and grow as the fund itself sees greater returns.
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