McCall firm Convent Capital was subpoenaed in May, because he accepted a money manager fee and was unlicensed by the SEC. McCall received $48,221 for assisting Steinberg Asset Management in 2005 which received 25 million in pension funds from State Comptroller Hevesi. After he turned over the papers McCall said in a statement, that this is the only deal in which he participated involving the fund he once controlled. McCall is the former State Comptroller(1993 to 2002). McCall also admitted that he talk to Mr. Loglisci, who is currently indicted for his role in the pension scandal. In a 2002 article on pensions and politics a New York Sun editorial stated that "The New York Times reported that 35 percent of McCall's $5.2 million reelection campaign fund came from firms that received contracts to manage the state's pension fund. It cited one California firm that received an $85 million contract last December, three days after executives donated $16,000 to McCall's campaign. Two months earlier, the paper made similar charges regarding law firms doing business with the comptroller's office. A glowing Times endorsement was a big help to McCall in '94—he can probably forget about that in '98. The Village Voice in an article by Wayne Barrett also in 2002 reported on how Comptroller McCall ignored using the pension funds for moral causes and playing up to whatever the corporations wanted Queens Machine Thankful for GOP Wins The two candidates who won the democratic primary in the 19 and 20 were long shots and not part of the Queens machine inner circle so it was no surprise that their operatives worked in two GOP council races to regain support in those areas. The machine is rebuilding the type of coalition they had with GOP State Senator Surf Maltese for years Republicans Win 2 Council Races in Queens *** For Quinn, Election Night Was About Shoring Up Queens (City Hall) Wall Street Should Find a New PR guy Some Wall Street Year-End Bonuses Could Hit Pre-Downturn Highs and stops acting nuts New York Businesses Get H1N1 Vaccine *** Living the good life at Goldman Sachs *** On 3 Out Of 5 Days, Goldman Sachs Makes $100 Million On Trading Alone
Liu Cleaning Up Thompson Pension Fund Pay to Play? You would not know it by reading today's NYP that the case Tony Avella and Bloomberg made during their campaign that Comptroller Thompson received campaign contributions from those doing business with his office was true. During his term in office Thompson tripled the amount paid to money managers. It is no wonder that Thompson received a quarter of his campaign contributions from those wanting to do business with his office. The investment expenses of the city's five pension funds ate up $310 million last year, compared with $102 million in 2002. Fees were paid to 229 money managers, up from 74 in 2002. In fiscal 2008, private-equity firms billed NYCERS, the largest of the five pension funds, $33.3 million to manage $1.6 billion. By comparison, managers overseeing $10.2 billion in bond holdings got only $10.7 million. It is clear that incoming Comptroller John Liu is cleaning up the type of corruption that is being uncovered by AG Cuomo with the New York pension funds. The strange thing about the NYP story is that it made no mention of the Cuomo investigation or the pay to play charges made by Bloomberg and Avella. What have convictions in an organised pay to play nationwide RICO type investigations and we have pay to play inside the NYC Comptrollers office which liu is cleaning up before he brings in his own team? Liu set to derail pension-manager gravy train Will anyone connected with the city's controllers office go to jail? Will these changes result in more transparency? Don't hold your breath All In the Family Also not mentioned in the NYP story is that the head of Liu transition team Carl McCall was also on the money manager gravely train recieving $48,221 helping to arrange for investments from the state Common Retirement Fund McCall firm surfaces in probe Leading Democrat, ex-comptroller says he provided advice to company seeking to manage pension funds* Former Comptroller McCall’s Firm Is Subpoenaed in Pension Inquiry (NYT) ***The federal enforcement agency demanded records of any contacts Broidy had with former CalPERS CEO former CalPERS board member Alfred Villalobos, among others *** The federal enforcement agency demanded records of any contacts Broidy had with former CalPERS CEO Fred Buenrostro and former CalPERS board member Alfred Villalobos, among others * After Introducing Alfred Villalobos to Comptroller Thomas DiNapoli in May 2007 Freddie Ferrer, Firm Earned $100,000 From State Pension Fund * Feds investigate ex-CalPERS officials’ possible link with fallen financier *** H. Carl McCall, Freddy Ferrer, Betsy Gotbaum Endorse Liu*** Blue Wolf Exec Joshua Gotbaum to Head U.S. Pension Agency (Joshua Gotbaum is Betsy Gotbaum step son) * This is a good start to understanding Joshua Gotbaum company Blue Wolf The Wolf at Thompson's Door *** True News: Wolf at Thompson Door, Part II . Avella Opens A Cut
Pay to Play Pension Boss McCall As usually it what the NYP does not say in there story about the pension manager firm Ariel Capital Management that is most important. McCall firm skips city biz Ariel an investment company tied to Carl McCall -- and fired by the city last year -- says it won't bid for city pension business while he's the chief adviser to incoming city Comptroller John Liu. McCall's job with Comptroller Liu is that of transition chief that will expire once the comptrollers office is fully staffed. Does that mean the company which was dismissed over disappointing returns and involved in pay to play with the outgoing Thompson ($30,000 to the campaigns contibution) will return once McCall is finish with the transition. After all a lot of people in Liu office will owe their jobs to him. And McCall has done business with more than one company who do New York pension fund business and was no stranger to pay to play when he was comptroller Accountants and law firms Gave to Carl McCall After Getting State Contract *** Carl McCall is also under investigation by the the AG in the pension scandal is to be named to head John Liu transition team * McCall's linked to pension fund mess *** Ex-Comptroller Carl McCall Is Part of New York Pension Inquiry McCall firm Convent Capital was subpoenaed in May, because he accepted a money manager fee and was unlicensed by the SEC. McCall received $48,221 for assisting Steinberg Asset Management in 2005 which received 25 million in pension funds from State Comptroller Hevesi. After he turned over the papers McCall said in a statement, that this is the only deal in which he participated involving the fund he once controlled. What about Ariel Capital Management? McCall is the former State Comptroller(1993 to 2002). McCall also admitted that he talk to Mr. Loglisci, who is currently indicted for his role in the pension scandal. Ariel Capital Management was a big contributor to indicted former Chicago Governor Blagojevich Pension fund firms big donors to gov :: CHICAGO SUN-TIMES * The Wolf at Thompson's Door * Everyone is Covering Up the Pension Scandal for Their Own Reasons UPDATE CalPERS probing investment advisor's ties to middleman Documents show Alfred J.R. Villalobos was helping private equity firms win deals with the California pension fund while also working for a firm hired by CalPERS to give it investment advice. Villalobos firm Arvco CapitalAfter Introduction From Ferrer, Firm Earned $100,000 From State Pension Fund
*** Bank Bonuses Up 40 Percent
Liu Cleaning Up Thompson Pension Fund Pay to Play? You would not know it by reading today's NYP that the case Tony Avella and Bloomberg made during their campaign that Comptroller Thompson received campaign contributions from those doing business with his office was true. During his term in office Thompson tripled the amount paid to money managers. It is no wonder that Thompson received a quarter of his campaign contributions from those wanting to do business with his office. The investment expenses of the city's five pension funds ate up $310 million last year, compared with $102 million in 2002. Fees were paid to 229 money managers, up from 74 in 2002. In fiscal 2008, private-equity firms billed NYCERS, the largest of the five pension funds, $33.3 million to manage $1.6 billion. By comparison, managers overseeing $10.2 billion in bond holdings got only $10.7 million. It is clear that incoming Comptroller John Liu is cleaning up the type of corruption that is being uncovered by AG Cuomo with the New York pension funds. The strange thing about the NYP story is that it made no mention of the Cuomo investigation or the pay to play charges made by Bloomberg and Avella. What have convictions in an organised pay to play nationwide RICO type investigations and we have pay to play inside the NYC Comptrollers office which liu is cleaning up before he brings in his own team? Liu set to derail pension-manager gravy train Will anyone connected with the city's controllers office go to jail? Will these changes result in more transparency? Don't hold your breath All In the Family Also not mentioned in the NYP story is that the head of Liu transition team Carl McCall was also on the money manager gravely train recieving $48,221 helping to arrange for investments from the state Common Retirement Fund McCall firm surfaces in probe Leading Democrat, ex-comptroller says he provided advice to company seeking to manage pension funds* Former Comptroller McCall’s Firm Is Subpoenaed in Pension Inquiry (NYT) ***The federal enforcement agency demanded records of any contacts Broidy had with former CalPERS CEO former CalPERS board member Alfred Villalobos, among others *** The federal enforcement agency demanded records of any contacts Broidy had with former CalPERS CEO Fred Buenrostro and former CalPERS board member Alfred Villalobos, among others * After Introducing Alfred Villalobos to Comptroller Thomas DiNapoli in May 2007 Freddie Ferrer, Firm Earned $100,000 From State Pension Fund * Feds investigate ex-CalPERS officials’ possible link with fallen financier *** H. Carl McCall, Freddy Ferrer, Betsy Gotbaum Endorse Liu*** Blue Wolf Exec Joshua Gotbaum to Head U.S. Pension Agency (Joshua Gotbaum is Betsy Gotbaum step son) * This is a good start to understanding Joshua Gotbaum company Blue Wolf The Wolf at Thompson's Door *** True News: Wolf at Thompson Door, Part II . Avella Opens A Cut
Pay to Play Pension Boss McCall As usually it what the NYP does not say in there story about the pension manager firm Ariel Capital Management that is most important. McCall firm skips city biz Ariel an investment company tied to Carl McCall -- and fired by the city last year -- says it won't bid for city pension business while he's the chief adviser to incoming city Comptroller John Liu. McCall's job with Comptroller Liu is that of transition chief that will expire once the comptrollers office is fully staffed. Does that mean the company which was dismissed over disappointing returns and involved in pay to play with the outgoing Thompson ($30,000 to the campaigns contibution) will return once McCall is finish with the transition. After all a lot of people in Liu office will owe their jobs to him. And McCall has done business with more than one company who do New York pension fund business and was no stranger to pay to play when he was comptroller Accountants and law firms Gave to Carl McCall After Getting State Contract *** Carl McCall is also under investigation by the the AG in the pension scandal is to be named to head John Liu transition team * McCall's linked to pension fund mess *** Ex-Comptroller Carl McCall Is Part of New York Pension Inquiry McCall firm Convent Capital was subpoenaed in May, because he accepted a money manager fee and was unlicensed by the SEC. McCall received $48,221 for assisting Steinberg Asset Management in 2005 which received 25 million in pension funds from State Comptroller Hevesi. After he turned over the papers McCall said in a statement, that this is the only deal in which he participated involving the fund he once controlled. What about Ariel Capital Management? McCall is the former State Comptroller(1993 to 2002). McCall also admitted that he talk to Mr. Loglisci, who is currently indicted for his role in the pension scandal. Ariel Capital Management was a big contributor to indicted former Chicago Governor Blagojevich Pension fund firms big donors to gov :: CHICAGO SUN-TIMES * The Wolf at Thompson's Door * Everyone is Covering Up the Pension Scandal for Their Own Reasons UPDATE CalPERS probing investment advisor's ties to middleman Documents show Alfred J.R. Villalobos was helping private equity firms win deals with the California pension fund while also working for a firm hired by CalPERS to give it investment advice. Villalobos firm Arvco CapitalAfter Introduction From Ferrer, Firm Earned $100,000 From State Pension Fund
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