News

DiNapoli Aims to Turn Placement Agent Ban Into Law

New York State Comptroller Thomas P. DiNapoli has proposed legislation to codify his ban on the involvement of placement agents, paid intermediaries and registered lobbyists in investments with the Common Retirement Fund (CRF).

After String of Lawsuits, Mass. Pension Joins FX Trading Probe

The chief investment officer of the Massachusetts Pension Reserves Investment Management (MassPRIM) board says it has hired foreign-exchange transaction cost consultant FX Transparency to analyze the state system’s currency trades for 2009 and 2010.

Citi Urges Dismissal of $1.3 Billion Lehman Suit

Citigroup is aiming to dismiss efforts by Lehman Brothers to recover $1 billion in collateral that the investment bank was forced to post when it was approaching bankruptcy in 2008, Bloomberg is reporting.