Politics & Regulation Tax & legal

Former Utah analyst sent to prison

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After soliciting a side deal from an unnamed London-based hedge fund manager, Cameron Cox has pleaded guilty to fraud charges and was sentenced to one year in federal prison.

Cox was charged in a one-count felony in federal court in Salt Lake City earlier this year. Cox was employed by the $20 billion Utah Retirement System from January 2008 to January 2010.

According to court documents, the URS process of identifying managers and entering a formal agreement typically occurs over a period of several months and involves a team of investment analysts, legal counsel and others.

In the