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Public Pension Funds Scurrying to Cut Off Future Pay-to-Play Action
Workforce Management; free registration required Link to more items from this source
May 12, 2009
Excerpt: Public pension fund executives from Oklahoma to Washington state are probing their managers' relationships with third-party marketers and placement agents as a result of the pay-to-play scandal in New York. Public plans nationwide are doing everything from banning placement agents to beefing up disclosure policies that now will include third-party marketers used by investment managers and consultants. A number of plans are going further, investigating relationships between consultants and alternative investment managers named but not charged in the New York criminal indictments.

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