First Big Public Pension Investment Settlement
“If Boss Tweed were alive today, he would be a placement agent.” So
said New York's attorney general, Andrew Cuomo, announcing a settlement
with the Carlyle Group, by which the Carlyle Group, an outside
investment
manager for many government pension funds, will no longer hire
placement agents to get public pension business and will greatly
limit its officers' and employees' campaign contributions to anyone
involved with public
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