2 Firms Strike Deals In NY Pension Corruption Probe

Law360, New York (December 15, 2010, 7:33 PM EST) -- Hedge fund manager HFV Management LP and private equity firm Odyssey Investment Partners LLC agreed Wednesday to renounce pay-to-play as part of a deal to end New York Attorney General Andrew Cuomo's probe into their ties to pension fund corruption.

Dallas-based HFV and New York-based Odyssey agreed not to use placement agents to solicit investments from pension funds — not just in New York, but nationwide, Cuomo said.

The two firms were accused of gaining access to the New York state pension fund through Henry Morris,...
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