The facts in the report speak for themselves, but the principles it describes could apply to funds throughout the United States and overseas. That’s attorney Philip Khinda, talking about the 75-page report he delivered last week to the California Public Employees’ Retirement System on dealings involving former senior executives and board members with so-called placement agents, and how the latter got tens of millions of dollars in questionable fees for their services.
Continue reading CalPERS Scandal detailed in Report after 17-Month Investigation