Armed with incriminating information, some funds may revisit past errors regarding matters such as asset allocation and manager selection.

FORBES: SEC Scrutiny of Pension Consultants: A Call To Action (February 28, 2004 )

For decades, the premier university endowments in the U.S. have consistently generated alpha through public equity money manager selection.

FORBES: John Bogle Didn't Have All The Data

The letters stated that the SEC believes Merrill did not provide relevant information about fees, manager selection and conflicts of interest.

FORBES: The Long Overdue Florida Public Pension Clean-Up (November 21, 2007 )