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Article: New York State Officials Call for Mutual Fund Reforms.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- January 16, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Susan Harrigan, Newsday, Melville, N.Y. Knight Ridder/Tribune Business News
Jan. 16--State officials controlling more than $400 billion in pension assets, joined by New York State Attorney General Eliot Spitzer, called yesterday for a menu of mutual fund reforms including fuller disclosure of management fees and costs.
At a news conference in Manhattan, Spitzer and the three executives, who included New York State Comptroller Alan Hevesi, said their goal is to use states' massive combined buying power to effect change. They said they will try to convince other pension funds and large institutional investors to require the reforms to be made by ...