The Town of Fairfield, Connecticut has taken legal action
against NEPC and KPMG following its failed $42 million
investment in a Bernard Madoff feeder fund.
NEPC was hired as the pension fund's general investment
consultant in 2006 and according to a complaint filed by
Fairfield in Connecticut Superior Court, the firm touted its
alternative investment expertise saying it employed 12
professionals dedicated to alternative assets/hedging
strategies who were...