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Maryland state pension plan now required to report carried interest on assets

JULY 25, 2019 | by Rebecca Moore | PLANSPONSOR

“The new bill, combined with existing state law, means the State Retirement and Pension System must now report all fees paid to outside investment managers. … carried interest is earned by investment managers in private markets (e.g., private equity, private real estate) and is the amount that a general partner (investment manager) retains as an ownership interest in the investment profits generated by the partnership.”

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