Tag: Robert Burd

State pension system pays too much to advisors, think tanks assert; retirement officials disagree

by Len Lazarick | January 23, 2013 | News | 4 |

Two of Maryland’s free-market think tanks are again attacking the Maryland pension system for spending too much money on investment advisors who are not producing enough returns. But the State Retirement Agency says the advisors have helped it reach its benchmark investment goals.

State pension system uses expensive currency management to reduce volatility

by Len Lazarick | March 20, 2012 | News | 1 |

The state pension system’s investment officers say that the $52 million it has paid a British company in currency management fees has resulted in some lower rates of return, but is likely to stay because it has achieved its goal of reducing volatile ups and downs in foreign stock values.

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Tag: Robert Burd

State pension system pays too much to advisors, think tanks assert; retirement officials disagree

State pension system uses expensive currency management to reduce volatility

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