US Pension Giants Loath To Take Canadian PE Path

Law360, New York (December 12, 2011, 5:43 PM EST) -- Tired of shelling out fees to private equity giants, public pension funds in the U.S. are starting to take note of in-house investment operations used by their Canadian counterparts. But switching to a do-it-yourself model has proven to be easier said than done.

Ontario Municipal Employees Retirement System, the Quebec Government and Employee Retirement Plan and the Canada Pension Plan are among the Canadian pension plans that have formed internal private equity units — saving themselves from paying management fees of as much as 2 percent...
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