The state pension fund, as part of a larger investigation of the awarding of investment contracts, is looking at $50 million in fees paid to Arvco, headed by Alfred Villalobos. He denies wrongdoing. A former Los Angeles deputy mayor is at the center of an investigation by the California Public Employees' Retirement System into fees paid to agents who help private firms land large contracts to invest the $200-billion pension fund's money.
Calpers Targets A Former L.a. Deputy Mayor In Probe Of Investment Agent Fees
Los Angeles Times - Top News, Los Angeles Times
Thu, 10/15/2009 - 12:00am
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