The pay-to-play scandal at the New York State Common Retirement Fund has been on the minds of many investors lately. Most respondents to our InvestorForum survey frown on fund managers' paying kickbacks for business, but many don't mind if a manager picks up the tab for lunch or pays passage to an industry conference. Most of those we surveyed do not work with placement agents, which are paid by managers to match them with institutional investors.
What type of institution do you represent?
Corporate pension fund 27.8%
Public pension fund 35.6
