{"id":27185,"date":"2012-02-01T10:04:22","date_gmt":"2012-02-01T15:04:22","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=27185"},"modified":"2012-02-01T10:04:22","modified_gmt":"2012-02-01T15:04:22","slug":"south-carolina-fund-gets-no-gain-paying-big-fees-treasurer-says","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2012\/south-carolina-fund-gets-no-gain-paying-big-fees-treasurer-says.html","title":{"rendered":"South Carolina Fund Gets No Gain Paying Big Fees, Treasurer Says"},"content":{"rendered":"<p>Bloomberg &#8211; South Carolina\u2019s $26 billion pension fund paid excessive fees while trailing peers after an overseer invested half the plan\u2019s assets with hedge funds and private- equity firms, state Treasurer Curtis Loftis said.<\/p>\n<p>The South Carolina Retirement System would have done better between fiscal 2007 and 2011 by investing in a mix of 40 percent bonds and 60 percent equities, Loftis said yesterday in a statement prepared for a legislative hearing. He said Robert Borden, the pension\u2019s chief investment officer until he resigned in December, oversaw a plan that placed 49.3 percent of assets in \u201calternative investments.\u201d<\/p>\n<p><a href=\"http:\/\/www.businessweek.com\/news\/2012-02-01\/south-carolina-fund-gets-no-gain-paying-big-fees-treasurer-says.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; South Carolina\u2019s $26 billion pension fund paid excessive fees while trailing peers after an overseer invested half the plan\u2019s assets with hedge funds and private- equity firms, state Treasurer Curtis Loftis said. The South Carolina Retirement System would [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-27185","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/27185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=27185"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/27185\/revisions"}],"predecessor-version":[{"id":27186,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/27185\/revisions\/27186"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=27185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=27185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=27185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}