US - An audit of the Kentucky Retirement Systems (KRS) has cleared the fund of pay to play practices but uncovered "troubling aspects" regarding the use of placement agents.
US - The former chief executive of the California Public Employees' Retirement System has been accused of steering billions of dollars to politically connected firms.
US - Henry "Hank" Morris, the chief political advisor to former New York comptroller Alan Hevesi, has been sentenced to four years in prison for his involvement in a pay-to-play scandal.
US - The California Public Employees' Retirement System (CalPERS) has introduced a raft of governance measures following an investigation into the use of placement agents.
US - Kentucky lawmakers have put forward a raft of legislative amendments to ban the use of placement agents by the State's retirement systems.