Public Pensions: The $3 Billion Secret


Public pensions overseers may be managing public money — the retirement savings for teachers, firefighters and other municipal employees — but they are increasingly averse to making public exactly who is managing the cash and how much money they are paying out in fees to Wall Street. Here’s the latest example: Last week Illinois officials blocked…

The $3 Billion Secret

Vanguard’s move into PE may change the landscape forever

Private equity has been growing in popularity in recent years as more and more big-name funds and institutional investors dive in. Now even indexing giant Vanguard is out to take a piece of the PE pie. During a panel at the Morningstar Investment Conference this year, Fran Kinniry of Vanguard, John Rekenthaler of Morningstar and Read More