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State pension fund manager  Ash Williams is being cleared of any conflict in a 125 million dollar state investment in a project associated with a former Williams partner. An advisory panel to the state board of administration cleared Williams and said his friendship might have actually benefited state investors because of the trust level. Williams says it proved what he has known all along. “Our processes and policies are actually superior to those used by most institutions, number one. Number two, that there was no indication that those processes were not followed in a normal manner. No indication that I, in any way, injected myself into anything or had any conflict.”

Williams is up for reappointment to the job. He asked the Governor and Cabinet to hold off on the decision until they reviewed the final report. They will consider keeping Williams at their December meeting.