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CalPERS investment staff receive luxury travel, gifts from financial firms

Aug 19, 2010 12:16:00 AM - latimes.com
California's public pension system allowed senior portfolio managers to take private jet trips around the world, paid for by firms seeking business with the agency.

The state's embattled public pension fund for years allowed its top investment staff to accept private jet trips around the world and other luxury travel from financial firms with whom they were doing business — without disclosing any of the trips publicly, according to the court testimony of a senior portfolio manager.

USA, California: (Latest Stories)