As spotlighted by The Baltimore Sun, a law passed by the General Assembly requires enhanced transparency regarding the investment fees paid by the Maryland State Pension System. The first report is due this December.
Coverage by The Baltimore Sun describes changes in Maryland law that require more fine-tuned reporting on fees paid by the Maryland State Pension System. In addition to disclosing the fees paid annually, the system must now also report on carried interest fees, that can substantially increase the total. As reported by The Baltimore Sun,
“The pension system now must publicly disclose the amount it pays in carried interest fees by the end of each calendar year. The first report, due Dec. 31, will include the fees from fiscal years 2015 through 2019.”
For more information, see New law requires Maryland pension system to disclose millions in fees paid to Wall Street firms