NY Nurses, Investment Manager Spar Over Arbitration Award

By Sarah Jarvis (October 22, 2021, 8:24 PM EDT) -- The trustees of a New York pension plan for nurses and one of the plan's investment managers are at odds over an August arbitration award, with the pension plan seeking about $140 million and the investment manager accusing the plan of mischaracterizing the award.

In a petition filed Tuesday, the trustees of the New York State Nurses Association Pension Plan urged a New York federal court to confirm a final award it says it received in arbitration against investment manager White Oak Global Advisors LLC. But in its own memorandum, filed Wednesday, White Oak urged the court to partially vacate the...

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