Tag Archives: state-pension-fund

Cuomo’s Unidentified Executive in Kickback Case Said to Be Hall

Bloomberg – New York Attorney General Andrew Cuomo has alleged that an executive of Clinton Group Inc., which once managed $8 billion in assets, knew of kickbacks made to win $750 million in state pension-fund business in 2006. Cuomo identifies […]

Following the Money Behind Public Pension Funds

WNYC – An investigation into corruption at the New York State pension fund has raised questions about the fund’s dealings with Wall Street. Federal and state regulators are examining how the pension fund chooses its private money managers. Last month […]

Michael Jackson’s death could benefit Dutch fund

Reuters Amsterdam – For Dutch pension fund ABP, Michael Jackson’s death could be good for business. The passing of the man called "King of Pop" last week has created a run on his music, which is partly owned by Dutch […]

In State Pension Inquiry, a Scandal Snowballs

New York Times Blogs – The inquiry into corruption at the New York State pension fund started simply enough. Alan G. Hevesi, the former comptroller, was accused of using state workers as chauffeurs for his ailing wife. But by the […]

Festival del Sole founder admits guilt in fraud

Napa Valley Register – The 2009 Festival del Sole will proceed in July as planned despite its founder’s guilty plea to securities fraud. Hedge fund executive Barrett Wissman has pleaded guilty to felony securities fraud and is cooperating with New […]

Pension fund kickback accusation leveled in Albany

Democrat and Chronicle – The former chairman of the state Liberal Party was accused Wednesday of receiving at least $800,000 from the state pension fund as a kickback for helping elect former Comptroller Alan Hevesi and Hevesi’s son. Raymond B. […]

A Hedge Fund Executive Is Guilty of Securities Fraud

New York Times – A hedge fund executive has pleaded guilty to securities fraud and is cooperating with New York State Attorney General Andrew M. Cuomo’s investigation of corruption at the state pension fund, according to court records unsealed in […]

Pension fund fires 2 money managers

Boston Globe – The Massachusetts state pension fund fired two money managers yesterday for poor performance, including one that had lost $12 million investing with accused swindler Bernard L. Madoff. Austin Capital Management, which had managed $170 million in state […]

FACTBOX-Companies exposed to Madoff

Forbes – Following are some of the companies exposed to the alleged $50 billion securities fraud by Wall Street pioneer Bernard Madoff:   * AUSTIN CAPITAL MANAGEMENT – The company managed money for the Massachusetts state pension fund, which lost […]

In dim year, 2 Mass. funds shine bright –

Boston Globe – Massachusetts again has some of the best money managers in the world. But unless you’re a public employee or the parent of a Harvard student, you won’t benefit much from this tremendous talent. Harvard University’s endowment, already […]

Manhunt for hedge fund felon becomes global

Financial Times- The 10-day-long search for missing hedge fund manager Samuel Israel is entering a critical phase with law enforcement agencies sparing no expense to ensure they "get the body back" before the trail goes cold. Authorities are now working […]

Hedge Fund Manager Charged With Fraud

West Palm Beach (HedgeCo.net)- William Galvin, Massachusetts’ top securities regulator has charged the hedge fund manager of the River Stream Fund with improperly soliciting investors. The investigation also turned up a brokerage statement that showed the fund had $1,625 in its account […]