Pension Officials Ask SEC To Improve Private Equity Transparency

Local pension officials are apparently fed up with private equity fund fees. A coalition of state and city treasurers and comptrollers announced earlier this week that they had sent a letter on Tuesday to Securities and Exchange Commission Chair Mary Jo White requesting the adoption of new rules that mandate more  transparency from private equity funds in disclosing fees and expenses to limited partners.

The bipartisan coalition includes 13 public pension funds which manage more than $1...

What feeling does this article give you?
Joy
Disgust
Fear
Anger
Sadness

More #news: