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New York cutting firms tied to pension flap from doing business with fund

New York Daily News – State Controller Thomas DiNapoli is booting 10 hedge fund managers from doing business with New York’s scandal-scarred $122 billion pension fund, the Daily News has learned.

Four of the 10 firms were listed, but not charged, in an indictment the state attorney general’s office brought against two top associates to former Controller Alan Hevesi.

The four are Consulting Services Group, HFV Management, Olympia Capital Management and Pequot Capital Management.

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