The Times reports on issues related to New York City Comptroller William Thompson Jr. and politica contributions from money managers.

The comptroller, who serves as the city’s chief financial officer, said the managers are hired by city’s five pension funds only after a rigorous analysis of their previous investment results, conducted by his staff and outside consultants, as well as interviews with the fund’s trustees, who have final say over hiring.

“A campaign contribution will not help anyone,” Mr. Thompson said. “The truth is, I don’t think that any one person here, whether it’s the chief investment officer, myself or someone else, can manipulate the process.”

(Housekeeping:  I’m filing this story and all others related to pension fund pay to play issues and potential SEC action under my “Rule G-37” category, even though that rule is not on point.)