a complete copy of the 2012 CAFR Report! - PSERs
a complete copy of the 2012 CAFR Report! - PSERs
a complete copy of the 2012 CAFR Report! - PSERs
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
FINANCIAL SECTION<br />
Supplementary Schedule 2<br />
Summary <strong>of</strong> Investment Expenses<br />
Year Ended June 30, <strong>2012</strong><br />
(Dollar Amounts in Thousands)<br />
Fees<br />
External management:<br />
Domestic equity $ 2,869<br />
International equity 22,225<br />
Fixed income 64,644<br />
Real estate 74,758<br />
Alternative investments 140,914<br />
Absolute return 138,992<br />
Commodities 19,517<br />
Master limited partnership 810<br />
Risk parity 2,466<br />
Total external management 467,195<br />
Total internal management 10,040<br />
Total investment management 477,235<br />
Custodian fees 604<br />
Consultant and legal fees 3,447<br />
Total investment expenses $ 481,286<br />
PAGE 63
Change language