NYC Pension Earns $40 Million Over 10 Years, Pays Fund Managers $2 Billion

http://thereformedbroker.com/2015/04/09/nyc-pension-earns-40-million-over-10-years-pays-fund-managers-2-billion/


“We asked a simple question: Are we getting value for the fees we’re paying to Wall Street?” Mr. Stringer said. “The answer, based on this 10-year analysis, is no.”