May 4, 2009 / 8:15 PM / 11 years ago

Connecticut terminates Aldus in NY kickback probe

NEW YORK, May 4 (Reuters) - Connecticut Treasurer Denise Nappier said on Monday the state is terminating its investment agreement with Dallas-based private equity firm Aldus Capital LLC, after it was caught up in the criminal and civil probe of the New York State pension fund.

Connecticut committed $65 million to Aldus, which it hired in June 2008 to manage part of the state pension fund, Nappier said in a statement.

The move comes just a week after New York Attorney General Andrew Cuomo and the Securities and Exchange Commission filed charges against Aldus and one of its founding principals, Saul Meyer, in connection with a multimillion-dollar kickback scheme involving new York’s largest pension fund. (Reporting by Ciara Linnane; Editing by Dan Grebler)

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