As we discussed in our previous Alerts, "Novel Suit by Kentucky Pension Beneficiaries Continues" and "Kentucky Court Holds That Public Pension Plan Beneficiaries Lack Standing to Sue," beneficiaries of Kentucky's public...more
7/20/2020
/ Defined Benefit Plans ,
Employee Benefits ,
Fiduciary Duty ,
Injury-in-Fact ,
Investment Management ,
KY Supreme Court ,
Motion to Dismiss ,
Pensions ,
Public Pension ,
Standing ,
State Attorneys General
The schedule for review of the investment strategies of the Public Employees' Retirement System and School Employees' Retirement System just became accelerated.
At its hearing on July 30, 2018, Pennsylvania's...more
This development represents just one aspect of the ongoing debate over active versus passive asset management.
Earlier this month, Pennsylvania's largest public pension fund, the Public School Employees' Retirement System...more
8/27/2018
/ Asset Management ,
Fiduciary Duty ,
Investment Adviser ,
Investment Management ,
Management Fees ,
Popular ,
Public Employees ,
Public Pension ,
Public Schools ,
Retirement Funds ,
State and Local Government
Will this—and similar review in other states—lead to major litigation and regulatory activity?
Active management of pension fund assets, and the associated fees generated for advisory firms, has come under scrutiny in...more