News

Eyeing His Next Target, Cuomo Goes after Sole Trustees

 

Moving his gaze from placement agents to the men and women who can exert uninhibited control over state pension systems, New York Attorney General Andrew Cuomo moves to curtail the power of sole trustees.

Following the SWF Trend, Mongolia Jumps in

The poor, landlocked country’s willingness to set up a long-term investment vehicle for resource profits lends credence to the idea that the SWF model has taken hold worldwide.

With Firms Chosen, PPIP Comes Knocking

Connecticut State Treasurer Denise Nappier reportedly is considering a large investment in the government-backed program to purchase distressed debt, possibly signaling a larger trend for American pension funds.