Tag Archives: pension board
Chief investment officer for pension fund resigns
San Diego Union Tribune – The county pension board’s chief investment officer has resigned a week after a second hedge fund collapse in which employee retirement investments could lose as much as $78 million. David Deutsch, who held the job […]
Treasury Select Committee MPs accuse funds of cashing in on misery
Times Online – The Massachusetts Pension Reserves Investment Management Board, which oversees $38 billion, voted to fire hedge-fund firm Austin Capital Management after losing $12 million with alleged Ponzi scheme operator Bernard Madoff. The state pension board also decided at […]
Hedge Funds County Once Championed Now Prove Too Risky
Voiceof San Diego – San Diego County’s pension fund is slashing its $1 billion hedge-fund portfolio and acknowledging that the investments it once championed have become too risky and no longer make sense. The board of the San Diego County […]
