Report: N.Y. Pension Scandal Imperils Hedge Fund Mezzacappa

``Mezzacappa Management may be on the verge of shutting down, the New York Post reports. The New York-based firm never used placement agents, founder Damon Mezzacappa said. But the New York State Common Retirement Fund—Mezzacappa’s single biggest investor—has decided to liquidate its entire fund of funds portfolio in the wake of the scandal, costing the firm dearly.''