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Wealth Professional | 10 Apr 2015, 09:04 AM Agree 0
How money managers for a major pension fund scored big; the clients, not so much
  • Dave Macaulay | 10 Apr 2015, 03:39 PM Agree 0
    Complaining about a .13% management fee is interesting. Having WP comparing a 1 yr return to a 10 yr return or even the suggestion thereof is ridiculous. Looking at the past ten yrs and considering what restrictions were likely placed on the managers of the funds there is no surprise that index returns are what they got.
  • Will Ashworth | 13 Apr 2015, 08:47 AM Agree 0

    While you've made a good point about the management fee paid by pension members being relatively small compared to what Canadian mutual fund investors pay, the fact remains that they paid more than $2 billion in fees for less than stellar returns.

    In addition, although the article discusses one-year returns of Ontario pensions (HOOP, etc.), while also discussing the 10-year returns of the NYC pensions, does not necessarily mean we were comparing the two, but merely wondering why these pension funds failed to achieve peer-like returns.

    Thanks for your comments.
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