NJ HF Cut Just Latest Action in Industry’s Value-For-Fees Pursuit

The New Jersey Division of Investment’s decision at the close of May to halve the state’s pension funds’ hedge fund allocation to 3% from 6% to save on asset management fees raised nary an eyebrow, viewed by the industry as just business as usual—just another fund in a long and growing list of institutional asset owners …

Plan Sponsors’ Downward Pressure on AM Fees May Come at a Cost

The much discussed push by institutional investors to reduce their asset management costs, which has taken hold in earnest since the financial crisis, is now bringing a new question to the fore: will lower fees lead to lower-quality asset management services and to the insolvency of asset managers, some of whom will be forced to …