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major state pension fund said it would oppose the re-election of all directors at corporate boards without a single woman.
Since state pension funds are some of the biggest investors that exist, you would think they would be able to negotiate even lower fees.
It ought to warm the cockles of everyone's heart knowing that Shelly's guy has sole control over who gets to invest billions of dollars
of state pension funds.
Delaware law gives shareholders the right to inspect the books and records of a corporation for such information, and the New
York State pension fund holds $ 378 million shares in the company.
He was involved in Hevesi's pay - to -
play state pension fund investment scam through the «Common Retirement Fund,» of which Hevesi had sole authority over from 2003 to 2006.
Stand - up comedian Randy Credico, who helped bring about reform of the state's Rockefeller Drug Laws, is now setting his sights on the New York state comptroller's office, where he is protesting against
state pension fund investments in the private prison industry.
At least two Democrats seeking statewide office this fall will not be heeding calls to dump Global Strategy Group in spite of the firm's involvement in the pay - to - play
state pension fund scandal.
And Cuomo traded blows with two other rival Democrats, Comptroller Thomas DiNapoli and Attorney General Eric Schneiderman, blaming them most recently for not catching on to a bribery scheme
involving state pension fund investments.
Former Larchmont Mayor Liz Feld called me this morning to denounce AG Andrew Cuomo for his subpoena of 2006 GOP gubernatorial nominee John Faso in connection with the ongoing pay - to - play
state pension fund probe, saying the timing of this move «stinks to high heaven.»
New York's city and
state pension funds lost a combined $ 102 billion in 2009, including city teachers» retirement system, which lost $ 11 billion; the city's police pension fund, which lost $ 4 billion; and the firefighters» fund, which lost $ 2 billion.
But GPs and LPs I talk to say that, aside from the moral and ethical concerns, it boils down to two factors for LPs: Headline risk by association (especially if they
represent state pension funds), and returns (preserving value of existing funds, and fears that the scandal will prevent the firm from getting into the best companies).
On Monday, some of the country's
largest state pension funds sent a letter to President Obama and Congress, warning that «the fallout will be felt all across America» and that economic growth «will stall for years to come.»
His own cousin tried to help a client cash in on
state pension fund business last year — a move made amid the Attorney General's own probe of a pay - to - play scandal.»
Rosenthal finally secured a meeting in Chicago with the
Central States Pension Fund, run by Teamsters boss Jimmy Hoffa, who agreed to loan him $ 12 million to fund the construction.
The long - delayed sentencings of the last four defendants in the massive
state pension fund pay - to - play scandal has been pushed back yet again.
The chief investment officer of the New York
state pension fund doesn't like the fees hedge funds charge to manage money.
The resolution, backed by investors including Co-operative Asset Management of the UK, and Calpers and Calstrs, the
California state pension funds, is on the face of it quite uncontroversial.
DiNapoli says he'll use his influence as trustee of New York's $ 192 billion
dollar state pension fund to «seek out sustainable investments and changes in corporate behavior» to help the Paris Agreement «become a reality».
Hymowitz received some negative press back in 2009 when Bloomberg News reported he had
received state pension funds to invest from a company then - AG Cuomo had identified in his pay - to - plau pension fund probe as paying possible illegal kickbacks.
O'Connell said Faso has «refused to answer direct questions about his role in a 2010 scandal that banned him from
lobbying state pension funds for five years, and prompted a fine of $ 550,000 to the law firm where he worked because of his illegal lobbying activities.
And the U.S. equity market's strong performance has bolstered the financial position of
most state pension funds, at least temporarily.
He called his bill the Iranian Economic Divestment Act of 2007, and in a press release he says the bill would «empower the State Comptroller to refrain from
investing state pension funds in companies that conduct business with Iran.
Much has been written about the case, which focused on how financial firms gained access to the New York
State pension fund by providing favors and kickbacks to state pension officials and those close to them.
Long Island's 126 school districts pay into the
third state pension fund - the Teachers» Retirement System, which operates on a different fiscal year than the other two systems.
State Comptroller Tom DiNapoli on Thursday said he has ordered an internal review of hiring practices and oversight in the wake of the arrestof a former
state pension fund manager accused of taking bribes that ranged from cash to crack cocaine to prostitutes in exchange for steering $ 2 billion in investments to Wall Street broker - dealers.
Brought together as part of the Farm Animal Investment Risk & Return (FAIRR) initiative, they include the fund arms of insurer Aviva and Norwegian lender Nordea, asset management groups Boston Common and Impax, several
Swedish state pension funds and several other charities and ethical investors.
Former State Comptroller Carl McCall took a hefty fee for helping
move State pension fund investments to his client, yet he never filed as a broker.
«Obama advisor and big - time Democrat Party fundraiser Steve Rattner bribed a New York
State pension fund official by slipping $ 88,000 to the official's brother.
State Attorney General Andrew Cuomo has been casting a very wide net in his ongoing probe of the corruption -
plagued state pension fund.
Because of the collapse of the financial markets in the Great Recession, cities and counties have been billed increasing amounts in the last few years to keep the New York
State Pension Fund healthy.
The ethics bill was the latest attempt by Cuomo and legislators to respond to the wave of investigations, arrests and convictions that have tainted state government for nearly a decade, starting with the arrest of former state Comptroller Alan Hevesi in a probe that
revealed state pension fund bribes and kickbacks.
CPC also provided permanent financing through the
NY State Pension Fund, of which $ 2,750,000 will be insured by SONYMA.
A major
state pension fund intends to oppose the re-election of all directors at hundreds of U.S. corporate boards without a single woman.