Henry “Hank” Morris, chief political adviser to former state Comptroller Alan Hevesi, has been sentenced to up to four years in prison for his involvement in a pay-to-play kickback scheme over pension abuses.
The Korean National Pension Service (NPS),the world's fourth latest pension, is aiming to broaden its portfolio this year by investing $4 billion oversees in alternative assets, including infrastructure.
In order to give investors time to weed through budget proposals coming from Governor Pat Quinn, Illinois will delay its $3.7 billion taxable bond issue.
International Petroleum Investment Co (Ipic), an Abu Dhabi sovereign wealth fund, will take ownership of Cepsa, the Spanish oil refining and distribution group.
House State Government chairman Mike Cherry has said he aims to prohibit the state government's pension funds from paying well-connected middlemen, also known as placement-agents.
The Government of Singapore Investment Corp. has offered to pay $1.5 billion to buy five resorts that include Grand Wailea Resort Hotel & Spa in Maui, Hawaii, and the Doral Golf Resort & Spa in Miami.
In an act of desperation, Illinois plans to raise money from sovereign wealth funds, big banks, and insurance companies to plug its widening pension hole.
Following the departure of the CIO of the Ventura County Retirement Board in California, consultant firm EnnisKnupp bid to provide outsourced CIO services, yet the fund denied the proposal due to costs and perceived conflicts of interest.
