Nation’s largest public pension fund plagued by secrecy and underperformance, probe finds
An independent investigation into the nation’s largest public pension, the California Public Employees’ Retirement System, concluded that its 2.4 million members are imperiled by secrecy, chronic underperformance, understated investment costs and conflicts of interest. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The report was commissioned last year … Read more