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KKR Refunds Investors for Wrongly-Charged Fees

In response to an SEC examination, private equity firm KKR & Co. has refunded some fees it charged investors in a handful of its funds. The SEC last year said that some firms were charging investors “hidden fees” without proper disclosure. From the Wall Street Journal: KKR’s refunds were disclosed in a pension-fund document obtained by The ...
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Alabama Pension Approves Changes To Investment Policy, Governance Structure

The Retirement System of Alabama has updated its investment policy and made some governance changes. But the specifics of the changes are currently unknown as they are still being finalized. More details on the investment policy changes from the Times-Daily: Copies of the two resolutions approved Monday by the Employees’ Retirement System Board ...
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