US - The California attorney general has accused former CalPERS board member Alfred Villalobos, now a third party marketer, with bribing former chief executive Fred Buenrostro in order to gain business for private equity firms including Apollo Global Management.
In a civil suit, Brown alleged Villalobos and Buenrostro helped funnel US$4.8bn of the California Public Employees' Retirement System's assets into funds run by Apollo and Aurora Capital Group. As ...
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