Calpers to review relationship with private equity firm Markstone (Fund News)
The California Public Employeesâ?? Retirement System (Calpers), the biggest U.S. pension fund, said its is evaluating its relationship with Markstone Capital Partners, after the chairman of the California private equity firmpleaded guilty on Thursday to charges that he helped his firm win a $250m investment with New York Stateâ??s huge public pension fund by making nearly $1m in illegal gifts to state officials.
SEC subpoenas hedge funds for insider trading (Fund News)
The Wall Street Journal reports that about three dozen hedge funds and brokerages have been subpoenaed by the Securities and Exchange Commission within the past month for potential insider-trading violations.