US - The South Carolina public pension fund's plan to create a company to manage private-equity assets should be held up pending legislative and administrative review, according to a spokesman for state Treasurer Converse Chellis.
The South Carolina Retirement System Investment Commission, which oversees the fund's $25bn in assets, voted last week to move forward with a plan to cut fees by managing private- equity investment...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date