Minnesota Teachers Retirement Association under Governor Tim Walz allegedly manipulated financial reports, understating fees and showing inflated returns.
Investigative report alleges Minnesota Teachers Retirement Association (MNTRA) under Gov. Tim Walz has manipulated financial reports, understating annual fees to Wall Street investment managers & showing unrealistically high returns, revealing only 10% of $2.9B fees spent over a decade. Criticized for reporting gains barely exceeding benchmarks by 0.2%.
August 10, 2024
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