Because they have access to information unavailable to ordinary investors, the staffing to review such information and detect abuses, as well as the financial wherewithal to pursue wrongdoing, pension funds frequently enter into confidential settlements with managers.

FORBES: Hidden Crimes; Too Many Secrets: How Money Managers Hide Illegalities From Investors (August 1, 2000)

Unfortunately, we frequently found that the managers-of-managers encouraged wrongdoing by the underlying managers, rather than set an example.

FORBES: The Politics of Minority or Emerging Manager Programs (August 2, 2004 )