UK - Guernsey's public sector pension fund has suffered a paper loss of £2.25m (US$4.6m) because of an ill-timed investment in Northern Rock.
Schroder's, which holds a £174m UK equities mandate from the Guernsey government, bought more than 250,000 equities in the bank when share prices were around £10 each. Shares are currently worth £1...
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