New York State Common Retirement Fund related stories
All articles and analysis
Wetherly first placement firm to settle with CuomoThe Los Angeles-based firm will pay $1m to the New York Common pension and has agreed to exit the placement business.
- Illinois Universities invests $120m in ‘toxic assets’
The US pension is the latest to join the government’s programme meant to jumpstart the credit markets, which CalPERS has said it will not join.
- SEC targets placement agents, political contributions
The SEC is attempting to prevent private equity firms from using placement agents when dealing with US public pensions. The agency also wants to eliminate the political contribution factor from the interaction between investment firms and public pension officials.
- Carlyle pays $20m fine to 'resolve its role' in scandal
New York Attorney General Andrew Cuomo has reached a resolution with The Carlyle Group under which the firm has pledged to avoid hiring placement agents to obtain investments from New York’s public pensions. Carlyle also agreed to pay $20m to ‘resolve its role’ in the pension pay-to-play investigation.
- Cuomo seeks to convert NY Common to board model
New York Attorney General Andrew Cuomo has introduced legislation with several state senators to jettison the state’s single trustee model in favor of a board of trustees.
- Proposed placement ban draws 170 comments
The SEC must now review the comments, which are overwhelmingly opposed to the ban, before drafting a final rule.
- SEC proposes 'pay-to-play' ban
The US regulator wants to prevent private equity real estate firms from using placement agents when dealing with US public pensions. The agency also wants to eliminate political contributions from the interaction between investment firms and public pension officials, SEC chairwoman Mary Schapiro told Congress.
- Deloitte becomes latest to abandon fund placement
San Francisco-based Probitas Partners has capitalised on the move by hiring two of Deloitte’s former team to bolster its European business.
- Placement agents fight back with lobbying group
Placement agents have formed a loose coalition in the US, as the SEC considers barring state pensions from interacting with them.
- New York Teachers’ commits $100m to Goldman spin-out
Energy Capital Partners II is targeting $3.5bn for energy infrastructure investments in North America.