Every Pension Plan CIO, Board Member, Due Diligence Director and their Plan participants should carefully read the Gretchen Morgenson’s piece titled “Strapped Pension Funds, and the Hefty Investment Fees They Pay” recently published by the NY Times on May 14, 2017. While many Pension Plans are actively working to reduce the management and incentive fees they pay, Convergence believes that Pension Plans and their Investment Consultants can further improve their ability to negotiate lower fee and expense levels by understanding the organizational “complexity” and operating risk for all Advisers they invest with today and those they may add in the future.
Originally posted on LikedIn
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