If we were throwing $80,000 around here and there to buy up DVD distribution rights for award winning cinema like Chooch, we’d probably not be in a hurry to make a lot of detailed disclosures about the people, places and profits on the deal either. Quadrangle seems to be of the same mind.
New York City’s pension funds are probing whether private equity fund Quadrangle “intentionally misled” it about placement agents used to win pension fund business, a spokesman for the city’s comptroller said Tuesday.
Well of course they (allegedly) did. Have you seen the trailers?
NY City probes if Quadrangle misled pension funds [Reuters]
Earlier: When An (Alleged) Kickback Is Obviously An (Alleged) Kickback