In Pension-Probe Announcement, Cuomo Makes the Hevesi Argument

Andrew Cuomo told reporters this morning that a private equity firm has agreed to pay $30 million and adopt a new code of conduct as part of the attorney general’s two-year-old probe of the state pension fund.
Cuomo announced the deal with Riverstone Holding LLC, and said that new code of conduct – which bars the use of placement agents to land business with the pension fund – would help clean up the industry.
“The code is important. It is the systematic reform of the problem,” Cuomo said.
This payout is on top of the $20 million agreement Cuomo struck with the Carlyle Group last month.

In Pension-Probe Announcement, Cuomo Makes the Hevesi Argument