Professor Spangler Talks to L.A. Times About Proposed Bill Requiring Full Accounting of Pension Plan Fees

July 8, 2016—Professor Timothy Spangler was quoted by the Los Angeles Times about a proposed bill that would require pension plans to provide full accounting of fees charged by the private equity firms they invest in. California State Teachers’ Retirement System, the nation’s second-largest public pension system, has concerns that the bill could endanger funds invested in private equity, as the strictness of the disclosure requirement could discourage private equity investors from working with California pension funds. Professor Spangler believes this is a legitimate concern—one that might make investors chose to invest somewhere else.

“If you’re producing 30% returns year in, year out, you have a lot of people who want to invest in your funds,” Professor Spangler said.

Read More.