Last week we introduced you to Marc Correra, a longtime ally of New Mexico Governor Bill Richardson, who appointed his wife Claudia Correra in 2004 to be the state’s first “international protocol officer.” Last month Correra’s name surfaced as the most successful in a list of dozens of “placement agents” paid by hedge funds and other money managers to secure investments in the state teachers’ retirement fund; he was listed as having netted at least $11.5 million in fees for channeling around a billion dollars in pension investments to various money mangers — including a controversial $90 million investment in a near-worthless “toxic waste” tranche of a subprime mortgage-backed CDO. The CDO, Vanderbilt Financial Trust, was put together by a Chicago firm called Vanderbilt Capital Group.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=143047