NY fund makeover sneaks under radar

Pensions & Investments – While every move of the New York State Common Retirement Fund is in the spotlight these days, what the bright lights don’t reveal are the dramatic improvements in the fund during the past two years.

An alleged massive pay-to-play scheme centered on the fund’s alternatives investments while Alan G. Hevesi held the New York state comptroller’s position from 2002 through 2006 has dominated the news about the pension fund for more than a month.

Mr. Hevesi’s successor, Thomas P. DiNapoli, immediately began reforming the investment department of the Albany-based fund once he took the helm in February 2007.

Read Complete Article

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated and tagged , , , , , , , , , , , , , , . Bookmark the permalink.

Comments are closed.