4 Firms Agree to Settlement in New York Pension Fund Inquiry

" The four firms are the latest to accede to Mr. Cuomo, months after the attorney general announced his two-year investigation into New York’s $122 billion pension fund. The inquiry intends to determine whether fees paid to placement agents amount to bribes to associates of pension fund officials. Mr. Cuomo has filed criminal charges against six people, including a onetime aide to the former New York State comptroller, Alan G. Hevesi. Of those, two have pleaded guilty and four are contesting the charges."