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The New York State pension fund should replace active investment managers with low-cost index funds to reduce fees and better track market returns.
“And what I would do is I would replace the 6664 investment managers with a diversified set of low cost index funds. To your point, let's not pay all these fees for something that they have been unable to do over the last 18 years.”
Masters in Business · Feb 2026 · 1 episode · 462 views on this topicExtracted by a model; may misattribute who said what.