Forget AUM Fees, CalPERS Spends More than US$ 10 Million on BlackRock Product Fees

Posted on 12/09/2019


More asset managers are diversifying their businesses to offer solutions, which includes data products. The California Public Employees’ Retirement System (CalPERS) is in the midst of publishing its June 2018-2019 CAFR, also known as the Comprehensive Annual Financial Report. CalPERS reported paying Blackrock Financial Man-agement, Inc. US$ 9,279,000 in fees, which an unknown por-tion went […]

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