The Louisiana State Employees Retirement System has stopped making new investments with a firm that is under investigation in several states for an alleged kickback scheme. LASERS currently has about $125 million invested with Aldus Equity Partners, says Robyn Ekings, a spokeswoman for the system. Aldus founder Saul Meyer faces criminal and civil charges in New York for reportedly paying to get access to invest public retirement funds. Law enforcement officials in several states are investigating Aldus, and the state of New Mexico has taken away its investments, the Wall Street Journal reports. Ekings says LASERS hasn’t decided if it will go as far as New Mexico officials. “We’re still working on it,” she says. LASERS trustees are set to meet on May 22.—Timothy Boone
LASERS stops new investment activity with Aldus
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