Subject: RE: file S7-03-22
From: Patrick Maier
Affiliation:

Aug. 17, 2022

To Whom It May Concern,

I am a retired public school teacher in California, currently drawing on my pension.  Can you please consider providing more transparency to the fees charged by private equity firms that manage a portion of public employee investments?  We can all get caught up in the need for greater returns but I feel most of us understand and would accept a reasonable return on our investments.  Why make it so hard for pension managers and the public to see the fees associated with managing their money?  Open and accessible information for our investment strategies will help all of us make more informed decisions.

Sincerely,

Patrick Maier