Financial Regulatory Forum

California pension fund Calpers launches probe of placement agent fees

By Jim Christie and Svea Herbst-Bayliss
SAN FRANCISCO/BOSTON, Oct 14 (Reuters) – Calpers, the biggest U.S. public pension fund, said on Wednesday it is probing fees paid by outside money managers to win its business, expanding a review of “pay-to-play” schemes at public retirement systems that has spread across the nation.

from Funds Hub:

Pensioners totter to the rescue

It may look like an unlikely scenario on paper, but Europe's elderly masses could be about to provide the killer blow to draft EU rules to regulate the alternative investment industry.

Hedge fund associations, private equity lobbyists, the British government and even the United States Treasury have waded into the debate over the proposed legislation, seeking to soften an approach which has been labelled an exercise in post-financial crisis political grandstanding, rather than a measured look at how to better regulate the sector.

Hedge fund crusaders?Now though, the pension funds have entered the stage, and their concerns will be far more likely to win over MEPs across the politcal spectrum.