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Will fee cutting hurt the pension fund?

Sat, 15 Jul 2017 09:18:14 GMT

In an article yesterday in the News and Observer (, David Ranii explores whether fee cutting by the pension fund might hurt future returns. It's a good article, I was interviewed for it, and I recommend that you read it.  I would, however, like to add a small comment/clarification with regard to my comments within the article. While I strongly support attempts by the pension fund to reduce fees, this has to be done in a...