Category: New York

New York Pension Scandal

The Times profiles Hank Morris and provides some background on the pension scandal gripping New York. Though fleeting, Mr. Morris’s work about 10 years ago for Bear, the now-defunct Wall Street investment house, offers an early, inside glimpse of how he became a pre-eminent practitioner of the art of access capitalism. Over the years, his […]

Pension Funds Under Scrutiny

Could we see more restrictions similar to pay to play rules and Rule G-37 on invididuals and companies associated with pension funds?  Yes, f this article is any indication. Investment firms should be barred for two years from managing U.S. public pension funds if they make campaign contributions to the politicians who make the investment […]