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Maryland pension system spent $229M on fees; policy groups seek change
Maryland’s pension system spent $229 million on investment fees for Wall Street money managers, fees a pair of Maryland policy groups said would have been saved had it invested exclusively in index funds.
The Maryland Public Policy Institute and the Maryland Tax Foundation have said before that Maryland’s $37 billion pension system should switch to passively managed index funds. Index funds mirror a particular stock index, such as the Standard & Poor’s 500 Index. They generally charge lower…
IN FOCUS TODAY
Wednesday, May 22, 2013 - 6:35am
WYPR's Fraser Smith and political consultant and columnist Laslo Boyd talk about how Baltimore...
Tuesday, May 21, 2013 - 4:44am
For Baltimore businesses, this is "Clean Your Files" day, part of the city's campaign to...
Monday, May 20, 2013 - 6:35am
WYPR's Fraser Smith and Luke Broadwater of the Baltimore Sun talk about the Baltimore City...