Fund Adviser, Cuomo Settle Pension Probe For $2M

Law360, New York (July 1, 2009, 12:00 AM EDT) -- Pension fund adviser Pacific Corporate Group Holdings LLC will adopt New York Attorney General Andrew Cuomo’s Public Pension Fund Code of Conduct, and an affiliate will return over $2 million to a state retirement fund, in a deal that ends the affiliate's involvement in Cuomo's pay-to-play corruption probe.

PCG Corporate Partners Advisors II will fork over upwards of $2 million, which will be returned to the New York State Common Retirement Fund for the benefit of pension holders, Attorney General Andrew Cuomo said Wednesday.

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