Ohio, New Jersey Pension Funds Invested $625M in Hedge Fund That Controls National Enquirer Parent

[Miles Archer]

Ohio, New Jersey Pension Funds Invested $625 Million in Hedge Fund That Controls National Enquirer Parent

Under Republican governors, two states pumped hundreds of millions of dollars of pension cash into a high-risk hedge fund that took control of the National Enquirer’s parent company, American Media Inc

https://capitalandmain.com/ohio-new-jersey-pension-funds-invested-625-million-dollars-in-national-enquirer-parent-0829

Taxpayers in New Jersey and Ohio have a large financial stake in the owner of the media company that allegedly helped the Trump campaign bury negative stories, according to documents reviewed by Capital & Main and MapLight.

Under Republican governors, the two states committed at least $625 million of pension cash into Chatham Asset Management, a high-risk hedge fund that has taken control of the National Enquirer’s parent company, American Media Inc., which is at the center of the federal investigation into President Donald Trump’s 2016 campaign.

The hedge fund is run by Anthony Melchiorre, a GOP donor who reportedly met with the president and AMI CEO David Pecker at the White House soon after Trump took office. Melchiorre and his wife have donated more than $100,000 to Republican candidates and party committees since 2010.

Trump’s former attorney, Michael Cohen, recently pleaded guilty to breaking campaign finance laws stemming from payments he made to women to hide affairs with the former reality TV star and real estate magnate. AMI executives helped Cohen purchase stories that could have hurt Trump’s presidential bid, according to the Wall Street Journal.

[DURHAM D]

1. Good thing I don't live/work in Ohio or NJ,

I would need to hurt someone.

[dlk]

2. One Hand Washes the Other

[highplainsdem]

3. K&R

[Scurrilous]

4. K&R