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Wall Street Fees and Investment Returns for 33 State Pension Funds

by Jeff Hooke, John J. Walters   August 4, 2015

This study outlines fees and investment returns for state pension funds with fiscal years ending June 30, 2014. The study concludes that pension funds with the highest fees, as a percent of assets, recorded inferior investment returns, on average, versus those in states with the lowest fees. This conclusion contradicts the assumption that Wall Street advice helps clients achieve superior returns.

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2015 Annapolis Report Cover

2015 Annapolis Report

A Review of the 2015 Legislative Session

by John J. Walters

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