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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.
Bloomberg – Barrett Wissman, a Dallas hedge fund manager, pleaded guilty to securities fraud as part of an investigation of corruption at New York’s $122 billion pension fund, state officials said.
Wissman, 46, an executive of HFV Asset Management LP, also agreed to a $12 million settlement as part of the probe of illegal kickbacks to arrange pension-fund investments for hedge funds and private-equity firms, according to New York Attorney General Andrew Cuomo. Today, Cuomo announced charges against former New York State Liberal Party Chairman Ray Harding as part of the two-year-old investigation.
