
Asset Allocation
Leon Black: A Career-Making 1990 Call and a Career-Ending One in the 2010s
He owes Apollo’s boffo start to the killing he made on an insurer’s then-skanky high-yield bonds. Then came Epstein.
Report says annual fees were greater than all employee contributions.
The state’s SERS and PSERS retirement organizations say they are looking for ways to cut management fees and improve transparency.
Board also approves $175 million in new commitments.
The state’s Public School Employees’ Retirement System says the returns justify the fees.