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South Carolina Pension to Evaluate How Much it Pays Alternative Investment Managers

The state’s Treasurer fears its retirement system for public workers is paying managers of these funds too much money and has hired a consultant to study the issue.

Out of concern over the high fees it is paying to its alternative investment managers, the $25 billion South Carolina Retirement System is embarking on a major study of these fees and has tapped its new consultant, Chicago-based Hewitt EnnisKnupp, to lead the effort. The pension, which manages retirement funds

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