New York Post

Stringer fingers fee data

- By KEVIN DUGAN and SUSAN EDELMAN

Scott Stringer’s push for transparen­cy has come out a little foggy.

In a bid to show how Wall Street fees eat into city pension funds’ returns, the New York City comptrolle­r on Tuesday reported that the $162.9 billion pension system paid out roughly $399 million in fees.

But fees paid to hedge funds and private equity firms weren’t included in the total — meaning the total fees paid by city pensions were likely much higher, insiders told The Post.

Last year, The Post exclusivel­y reported that Stringer had paid $530.2 million in fees to investment firms, despite vowing to keep those costs down.

“We remain confident that our mix of assets is wellpositi­oned to take advantage of market opportunit­ies in the coming years,” Stringer said in a statement.

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