Aldus Equity Losses Connecticut Account
May 5, 2009
Yet another retirement plan has terminated Aldus Equity Partners.
Connecticut State Treasurer, Denise Nappier has removed the firm from a $65 million private equity fund-of-funds account it managed for the $20.2 billion Connecticut Retirement Plans and Trust Funds (CRPTF).
Aldus, along with one of its founding principals, Saul Meyers, has been charged by the SEC for participating in an kickback scheme in New York.
The CRPTF is the second plan to terminate Aldus in as many weeks, following the firm's termination by the $11.8 billion New Mexico State Investment Council (SIC).
The $6.6 billion New Mexico Educational Retirement Board (ERB) and the $100 billion New York City Retirement Systems are also considering similar actions.
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