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California Wisdom: Embracing Pension Placement Agents

CalPERS believes placement agent bans have gone too far.

If the consequences weren’t so serious, the "pay to play" scandal involving New York’s public retirement fund could be part of a trilogy of farces about the Empire State’s colorful politicians and con artists. First we had Eliot Spitzer, then Bernie Madoff and now these bumbling crooks who allegedly used

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