Daley Crony Resigns From State Pension Board

By Kevin Robinson in News on May 6, 2009 4:40PM

Allison S. Davis, a Daley fundraiser, tendered his resignation from the Illinois State Board of Investment. Davis's resignation was tendered on April 17, but he asked that it be considered retroactive to April 3. Davis is believed to be the first resignation resulting from a law signed by Governor Pat Quinn designed to rid the state of holdovers from the Blagojevich administration.

In February 2003, Blagojevich appointed Davis to the State Board of Investment in February of 2003. In October 2006 the Sun-Times reported that Davis's was one of 19 names that convicted Blagojevich adviser and fundraiser Tony Rezko recommended to the ex-governor. His resignation comes as his investment firm, DV Urban Realty, is under investigation by the city inspector general for taking nearly $70 million in investments from five city pension funds. Davis is a partner with the mayor's nephew, Robert Vanecko.