Boston — The Massachusetts Attorney
General’s office said it may force the state pension fund to honor
requests for details on its returns from private equity
investments amid similar pressure on other public institutions.
The attorney general will seek information from the pension
fund to support its claim for exemption from state public-records
laws, said Ann Donlan, a spokeswoman for Attorney General Thomas
Reilly. “We’ll take a hard look at it,” she said.
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Mounting losses from equity investments and corporate
accounting scandals have put pressure on public institutions to
disclose more information about pension assets invested in closely
held companies. At least three state funds have received requests
for private equity return data under open-records laws during the
past year. Those cases could lead to restrictions on investments
by public pension systems in the $250 billion of funds managed by
U.S. private equity firms.
Bloomberg News
