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CALIFORNIA | LOCAL
May 8, 2009 | David Zahniser
Two of Los Angeles Mayor Antonio Villaraigosa's appointees to a city pension board resigned Thursday, one month after receiving a letter from the Securities and Exchange Commission asking them to identify income they had received from companies doing business with their agency. Sean Harrigan and Elliott Broidy, members of the Los Angeles Fire and Police Pensions board, were asked to provide information to the SEC, which is investigating allegations of kickbacks at a New York state pension fund.
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CALIFORNIA | LOCAL
May 8, 2009 | David Zahniser
Two of Los Angeles Mayor Antonio Villaraigosa's appointees to a city pension board resigned Thursday, one month after receiving a letter from the Securities and Exchange Commission asking them to identify income they had received from companies doing business with their agency. Sean Harrigan and Elliott Broidy, members of the Los Angeles Fire and Police Pensions board, were asked to provide information to the SEC, which is investigating allegations of kickbacks at a New York state pension fund.
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BUSINESS
May 30, 2007 | From Times Staff and Wire Reports
Former Los Angeles Planning Director Con Howe has been appointed managing director of a new real estate investment fund intended to create more low-cost housing in the region. Howe is in charge of CityView Los Angeles Fund, which has more than $100 million to finance, assemble and entitle land for the development of market-rate "workforce" housing, according to CityView.
BUSINESS
April 24, 2009 | Sharona Coutts and Walter Hamilton
A Los Angeles investment firm run by a well-known Southern California political operative has become ensnared in a widening probe into the fees paid to advisors who help place investments in public pension funds. Wetherly Capital Group has come under scrutiny for a $313,750 payment it made to a firm run by a New York political advisor who was arrested last month on charges of running a kickback scheme involving New York state's pension fund.
REAL ESTATE
September 30, 2007 | Diane Wedner
Firefighters, nurses, teachers, civil servants and others seeking market-rate, entry-level homes in Los Angeles County are going to have more to choose from after last week's launch of a $150-million fund to help create workforce housing.
BUSINESS
April 28, 2009 | Marc Lifsher and David Zahniser
The leader of the California Public Employees' Retirement System -- the country's largest public pension fund -- on Monday ordered its staff to draft a policy requiring investment companies hired by the fund to disclose fees paid to the firms' outside marketers.
BUSINESS
December 4, 2009 | By Marc Lifsher, Evan Halper and David Zahniser
Los Angeles venture capitalist and philanthropist Elliott Broidy pleaded guilty Thursday to charges that he paid $1 million in gifts to New York public pension officials to win $250 million in investment capital for his private equity fund. Broidy, 52, faces a possible prison sentence of up to four years at his sentencing, scheduled for June 10. New York Atty. Gen. Andrew Cuomo characterized Broidy's actions as bribery, saying he sent a top state official and relatives on luxury trips to Israel and Italy and paid the rent and hospital bills of a bureaucrat's girlfriend to get the investment money for his Century City firm, Markstone Capital Partners.
CALIFORNIA | LOCAL
May 1, 2013 | By David Zahniser
Los Angeles Mayor Antonio Villaraigosa's pick to run the city's pension system for public-safety employees has dropped out of the running, saying Wednesday he "didn't want to get wrapped up in the politics. " Ray Joseph, 40, had been slated to appear Wednesday before the City Council for a final confirmation vote. But the Maryland resident told The Times he had grown concerned about the possibility that the next mayor, who takes office July 1, would want somebody else to run the retirement system.
CALIFORNIA | LOCAL
May 1, 2013 | By David Zahniser, Los Angeles Times
Los Angeles Mayor Antonio Villaraigosa's pick to run the pension system for public safety employees has dropped out of the running, saying Wednesday he didn't want to "get wrapped up in the politics" of the agency. Ray Joseph, 40, had been slated to appear Wednesday before the City Council for a final confirmation vote. But the Maryland resident told The Times he had grown concerned about the possibility that the next mayor, who takes office July 1, would want somebody else to run the retirement system.
CALIFORNIA | LOCAL
May 28, 2009 | David Zahniser
Responding to investigations of public pension systems across the country, two members of the Los Angeles City Council called Wednesday for a reduction in Mayor Antonio Villaraigosa's power to pick pension board members. Councilmen Dennis Zine and Bernard C.
BUSINESS
April 29, 2009 | Marc Lifsher
California Treasurer Bill Lockyer on Tuesday asked the country's biggest public pension fund to conduct an internal investigation into investments it made through so-called placement agents, who raise funds for outside asset managers. The request to the California Public Employees' Retirement System board is the latest fallout from investigations by New York Atty. Gen. Andrew Cuomo and the Securities and Exchange Commission of alleged pension-fund improprieties in New York state.
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