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State ethics officials launch investigation into luxury trips taken by CalPERS staff

Aug 20, 2010 3:00:00 AM - latimes.com
The Fair Political Practices Commission is looking into whether laws were broken when employees of the pension fund took private jet trips at investment firms' expense.

State ethics officials launched an investigation Thursday into the private jet trips and other luxury travel that the embattled public pension fund allowed its top investment staff to accept, without public disclosure, from financial firms with whom they were doing business.