NY pension fund invested in controversial private equity funds

-





NY pension fund invested in controversial private equity funds



NEW YORK (Reuters) - An investigation by New York's top prosecutor into whether a group of private equity firms used a fee arrangement to dodge taxes may be undermined by the state's own public pension fund. New York Attorney General Eric Schneiderman in July subpoenaed more than a dozen private equity firms, including Apollo Global Management LLC, Bain Capital LLC, KKR & Co LP, Silver Lake Partners LP and TPG Capital LP, over their practice of converting management fees paid by investors into fund investments. ...






Popular posts from this blog

Saudi Arabia adopts measures to limit virus infection during Haj

-
Image
Saudi Arabia adopts measures to limit virus infection during Haj JEDDAH, Saudi Arabia (Reuters) - Saudi Arabia has taken precautions to prevent disease spreading among Muslim pilgrims next month after a Qatari man was infected with a virus related to the deadly SARS, a health ministry official said on Wednesday. The World Health Organisation put out a global alert on Sunday saying a new, previously unknown, virus had infected a 49-year-old Qatari man who had recently travelled to Saudi Arabia, where another man with an almost identical virus had already died. ... more info... Barnes & Noble takes aim at Amazon, Apple with HD Nook tablets NEW YORK (Reuters) - Barnes & Noble Inc took a shot at archrival Amazon.com on Wednesday, unveiling its own lighter and thinner hi-definition tablets that can accommodate multiple users in a bid to win a bigger share of the exploding tablet market. The largest U.S. bookstore chain introduced the new ...
Read more

Police tap teen in theft of chef's Lamborghini

-
Image
Police tap teen in theft of chef's Lamborghini A celebrity chef's Lamborghini sports car has been recovered from a teenager's storage container a little more than a year after it was reported stolen from a San Francisco exotic car dealership. more info... Occupy movement's May Day turnout seen as test for its future NEW YORK (Reuters) - Occupy Wall Street vows a day of demonstrations in New York and across the United States on Tuesday, in a crucial test of its staying power some eight months after emerging as a movement against corporate greed and economic inequality. The "99 Percent" populist movement, which began as a 24-hour encampment in lower Manhattan last fall and spread to cities across the country, will join organized labor for a day of May 1 protests, in what it has called a "day without the 99 percent. ... more info...
Read more

Top Obama aide offers legal defense of drone strikes

-
Image
Top Obama aide offers legal defense of drone strikes WASHINGTON (Reuters) - The deadly U.S. campaign of drone strikes against al Qaeda is fully legal under international law, President Barack Obama's counterterrorism chief insisted on Monday in the most extensive justification of a controversial tactic that has eliminated some of the most-wanted militants. Speaking on the eve of the one-year anniversary of the U.S. killing of Osama bin Laden in a raid in Pakistan, the White House aide, John Brennan, said the U.S. administration holds itself to a "rigorous" review process in deciding on drone targets in Afghanistan and elsewhere. ... more info...
Read more