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Md. Pension fund lost out on $8.8 billion in retiree income

MAY 1, 2018 | by The Maryland Public Policy Institute | THE MARYLAND PUBLIC POLICY INSTITUTE

Includes “Maryland state pension managers lost out on nearly $9 billion in income over the past decade by paying higher-than-average investment fees to Wall Street managers in exchange for lower-than-average investment returns … The in-depth analysis also compared pension investment performance across 33 states with fiscal years that ended on June 30, 2017. The remaining 17 states had different year-ends or provided inadequate information.”
 

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