By Jim Provance, includes “Ohio's nearly $95 billion pension fund for teachers has pushed back against preliminary findings of an independent review funded by retirees that claims the system lacks transparency and has paid excessive fees and performance bonuses for investments that have ‘massively underperformed.’ … STRS criticized Mr. Siedle's accusation that it has not been transparent when it comes to earnings and fees associated with alternative investments like hedge funds and equity firms. …”