(Plan Sponsor) A court agreed that the Kentucky Retirement System board of trustees were permitted by law to choose alternative investments one city claimed produced small returns and high fees….Meanwhile, a lawsuit alleging investment firms sold investments to KRS that were “extremely high-risk” and produced “excessive fees, poor returns and ultimately, losses,” was filed earlier this year and is still pending.
KRS Wins Lawsuit While Another Suit Over Hedge Fund Investments Is Ongoing
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