Governance foiled by human folly at NY state fund

The third largest fund in the US, the $122 billion New York state pension fund, has recently been embroiled in a tale of greed, fraud, bribery and corruption, with a number of its alternative investment funds allegedly tainted by the wrong-doing of former employees of the state comptroller’s officer, including its former CIO. In this week’s “Have Your Say” column we ask you to consider the transparency of the investments in this sector, and have your say on how funds can better monitor their investments and the people that manage them.

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