Tuesday, 16 September 2014
Last updated 9 hours ago
Mar 12 2010 | 8:08am ET
Quadrangle Group co-founder Steven Rattner is in talks with New York Attorney General Andrew Cuomo to settle his role in a pay-to-play probe of the state’s largest public pension fund.
Rattner, who until the summer served as President Barack Obama’s top adviser on restructuring the U.S. auto industry, has not been charged with any wrongdoing. Cuomo yesterday called his probe of Rattner and Quadrangle an “ongoing matter.”
Quadrangle paid about $1.1 million in allegedly bogus finder-fees to Henry Morris, the top political consultant to former New York Comptroller Alan Hevesi, whose office oversees the New York State Common Retirement Fund. In exchange for the alleged kickbacks, Morris had the pension fund invest $100 million in the private equity firm.
Quandrangle was also involved in the distribution of a movie produced by the brother of David Loglisci, the former Common Retirement Fund chief investment officer, who pleaded guilty this week to involvement in the scam.
Morris has pleaded not guilty.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?