New York State Teachers' Retirement System is not an investor in a CIM Group fund, said John Cardillo, spokesman. Also, San Francisco City & County Employees' Retirement System did not do business with CIM Group before Dec. 31, 2000, and the system had no contact or relationship with placement agent ARVCO Capital Research, said David Kushner, deputy director for investments.
The Nov. 4 P&I Daily reported that the two plans were on a list of 10 institutional investors, including the California Public Employees' Retirement System, named in an agreement between ARVCO and CIM Group which gave ARVCO the right to collect fees from CIM if it obtained commitments from any of the plans.
