Federal law-enforcement authorities are probing the controversial investment of city employee pension fund dollars in a real estate firm involving Mayor Richard Daley’s nephew, Robert Vanecko. A federal grand jury issued a subpoena Wednesday to the police pension fund, according to records obtained today by the Tribune. Prosecutors with U.S. Atty. Patrick Fitzgerald’s office are demanding fund officials turn over documents regarding their dealings with DV Urban Realty, which includes Vanecko and longtime Daley ally Allison Davis. The police fund’s board voted in 2006 to invest $15 million in DV Urban, part of a $68 million deal that also involved other local government pension funds. Read the full story in Clout Street .
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Feds probe pension deal involving mayor’s kin
