Financial Regulatory Forum

California pension fund Calpers launches probe of placement agent fees

By Reuters Staff
October 14, 2009

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.
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from Funds Hub:

Pensioners totter to the rescue

August 4, 2009

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.