Large Pension Plans Have Broken the Traditional 2-and-20 Fee Model
Chris Ailman · Chris Ailman – CalSTRS' Venerable CIO (Capital Allocators, EP.86) · Feb 11, 2019 · at 41:20
Chris Ailman, longtime CIO of CalSTRS, discusses fee negotiation power for large institutional allocators compared to smaller pension plans.
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“I have said for probably over five years that two and 20 is gone, and that's been broken. Unfortunately, small plans still have to pay that, but larger plans have gone through that.”
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