Submitted by Skeptical, Oct 26, 2007 00:09

NYCERS assets as of 6/30/2006 were $36.650B

NYCERS assets as of 6/30/2007 were $42.237B

That is a raw 15.25% increase. How fo they report a 18.39% increase for 2007?

I am quite sure you saw no backup detail to support these figures. You took them on faith just like the trustees.

NYCERS has no idea how much they paid in FY-2007 for investment fees.

How do they report a return after fees.

NYCERS has a vague idea that they will spend $107M on investment fees in 2008.

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