Alternative Assets Fees and Expense Report

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Enacted in 2016, California Assembly Bill 2833 (AB 2833) mandates that California public pension or retirement systems require each alternative investment manager with which they contract to make annual disclosures of fees and expenses charged to the retirement system.  The disclosures are required for fund investments made after January 1, 2017, with reasonable efforts for fund investments made prior to 2017.  AB 2833 also mandates that the fund publicly disclose such information on an annual basis at an open meeting in an effort to bring transparency to alternative assets investments.

2017 Report, presented to the SCERS Board on August 15, 2018