Sunday, August 8, 2010

A Trend: Public Plans Reducing Investment Management Fees

What is not yet apparent is whether fee reductions through renegotiation reflect (1) a better realization of the value of active investment management, (2) a need to reduce expenses due to decreased asset values due, in turn, to the financial crisis, or (3) another reason or reasons, either alone or in combination with the foregoing two reasons.

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