Perspective
Oct. 22, 2009
Unveiling Pay-to-Play Arrangements
Keith Bishop of Allen Matkins comments on emergency statute AB 1584, which sets new disclosure requirements on placement agents.
BUSINESS
By Keith BishopRecent news stories have focused on the existence of so-called "pay-to-play" arrangements at public employee pension funds. A pay-to-play arrangement exists when a fund official responsible for hiring fund advisers or making fund investments receives directly or indirectly some benefit from those seeking the fund's business. Because a direct bribe can be easily discovered, these benefits are often disguised and may flow from in...For only $95 a month (the price of 2 article purchases)
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