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.

La Jolla,...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.