Excerpt: According to Pensions and Investment, the Boston office of the US Department of Labor ... recently issued a letter to an (unidentified) US Pension Plan subject to ERISA (the Employee Retirement Income Security Act) stating that the plan was in violation of ERISA regulations.... The problem? When valuing hedge funds and other alternative assets for purposes of the Plan's annual filing, the pension investor had apparently relied upon valuations provided by the underlying funds' general partners and, in some cases, on audited financial statements for those funds.  MORE >>