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NY State Comptroller Bans Pension Fund "Pay-to-Play" Political Contributions



by James E. Bowers
Day Pitney LLP - Hartford Office

R. Scott Beach
Day Pitney LLP - Greenwich Office

Shawn T. Wooden
Day Pitney LLP - Hartford Office

September 29, 2009

Previously published on September 25, 2009

New York State Comptroller Thomas P. DiNapoli issued an executive order on September 23, 2009 prohibiting the $116.5 billion New York State Common Retirement Fund ("Fund") from doing business with any investment adviser who has made a political contribution to the State Comptroller or a candidate for State Comptroller.


 

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