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Pa. Gov. Wolf, treasurer Torsella clash with school pension board on cost-cut plans
The treasurer says it is "deeply concerning" that investment professionals would say "high fees are associated with alpha," or above-average profits
![Pennsylvania Treasurer Joe Torsella at his swearing-in ceremony.](https://www.inquirer.com/resizer/v2/HV7C6LGSMRAZPGKUWS3EBW2K54.jpg?auth=1f800bebab413f423064e6552a7386a86fdfd20caf398b3ef1b21d04a0e95a88&width=760&height=507&smart=true)