Consultants to pension funds often bring with them potential conflicts of interest where their advisory business and asset management business co-exist. Amy Lynch, Founder and President, discusses that conflicts of interest are commonplace in the consultant-pension relationship, and regulatory concerns arise from this situation. Ms. Lynch stresses that the onus is on the client to raise the issue with the consultant and then take steps to mitigate potential conflicts while conducting proper due diligence. See FundFire (subscription required), “CalPERS Dodges Conflict Questions on Consultant’s Abrupt Resignation.”
