US - Despite the well-documented Amaranth collapse wiping out a huge portion of its assets almost overnight, San Diego County Employees Retirement Association (SDCERA) earned nearly US$1bn in 2006.
In its fourth year of double digit gains, SDCERA’s returns came in at 13.6%, more than five percentage points above the 8.25% target, taking its assets to around $8bn. CEO Brian White said: “Our...
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