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Pension data from 2011–2016 analyzed by the CRR indicate that higher fees correlate to lower net-of-fee performance relative to benchmarks. (Photo: Shutterstock)

Public pension plans evaluate their performance by comparing returns by asset class to certain benchmarks—and in the quest to beat benchmarks, they seek out external asset managers to do just that.

However, according to a brief from the Center for Retirement Research at Boston College, with fees under scrutiny for what they may or may not help a plan to do, researchers have found that plans paying higher fees aren’t doing themselves any favors in beating benchmarks.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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