Compared to the mighty California Public Employees’ Retirement System, Peter Scheer is a pipsqueak. But the public interest lawyer claimed a victory last month when CalPERS agreed to increase the information it discloses on private equity and hedge fund investments.
Settling a suit that Scheer, executive director of the California First Amendment Coalition, filed in San Francisco Superior Court on September 2, the nation’s biggest pension fund revealed that between 2001 and 2003 it paid more than $200 million in fees annually to more than 300...
