US - The trustees of the New York City Employees' Retirement System (NYCERS) have unanimously agreed to immediately suspend the use of placement agents, firms and middlemen in investments with the NYC Pension Funds, NYC comptroller William Thompson has said.
The action came a week after Thompson announced he would ask the five NYC Pension Funds to suspend the use of placement agents (www.globalpensions.com: 23/04/09). Thompson said: "The trustees re...
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