New York, New Mexico Fire Adviser Under Scrutiny

New York state’s $122 billion pension fund and New Mexico’s State Investment Council fired a private equity adviser whose managing partner was charged today with paying kickbacks to a political consultant in exchange for investment business.

New York State Attorney General Andrew Cuomo and the U.S. Securities and Exchange Commission accused Saul Meyer, 38, of Dallas-based Aldus Equity Partners of paying $320,000 in kickbacks to a shell company owned by an adviser to former New York State Comptroller Alan Hevesi...

Bloomberg: New York, New Mexico Fire Adviser Under Scrutiny