Apparently the NC pension fund just put about $1 billion into alternatives. We don't know the fees on these products, but assuming 1.5% (which is roughly what the state pays on similar "investments") the total fees resulting from this move will be about $15 million (and that's just this year).
HT:Ron.
A Finance Professor's blog. I am a Professor of Finance in the Poole College of Management at NC State University. My website: https://sites.google.com/ncsu.edu/warr Opinions are my own.
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