Alan Hevesi

New York News
4:48 pm
Tue February 19, 2013

NY Pension Fund Review: Report Issued

An outside review of New York's $150 billion pension fund for public workers shows it fixed ethical problems that led to a "pay-for-play" scandal.  

The three-year review by Michigan-based Funston Advisory Services says the Common Retirement Fund's 2009 decision to ban paid placement agents used by other pension funds does not appear to have kept it from accessing qualified outside investment managers.

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