Aon Hewitt Investment Consulting Inc. urged a Florida federal judge Friday to take a fact-finding role in a case accusing the company of incompetently handling a hospital’s retirement plan, saying the hospital hadn’t proven any company mismanagement.
Staff and consultants at Pennsylvania’s biggest pension fund fund tried to improve investment performance data and ended up at the middle of a string of investigations and legal reviews.
The plan concluded its high-yield fixed-income manager search and disclosed up to $555 million in private equity commitments at its board of investments meeting this week.