Michael Flaherman, who has drawn attention to hidden fees that investment funds pass on to public pensions, is running for a seat on the CalPERS Board of Administration. He served on the board between 1995 and 2003, before he launched a career in private equity.
Michael Flaherman, who has drawn attention to hidden fees that investment funds pass on to public pensions, is running for a seat on the CalPERS Board of Administration. He served on the board between 1995 and 2003, before he launched a career in private equity. Photo courtesy of Michael Flaherman
Michael Flaherman, who has drawn attention to hidden fees that investment funds pass on to public pensions, is running for a seat on the CalPERS Board of Administration. He served on the board between 1995 and 2003, before he launched a career in private equity. Photo courtesy of Michael Flaherman

The State Worker

Chronicling civil-service life for California state workers

Can an investment pro persuade state workers to let him manage their pensions?

August 14, 2017 06:30 AM