US - The US$7.7bn San Diego County Employees Retirement Association (SDCERA) has terminated its agreement with Rocaton Investment Advisors, which recommended the fund invest $175m in Amaranth Advisors.
SDCERA was the nation's worst hit pension fund, losing $105m when the hedge fund imploded following bad bets on natural gas. The fund also announced last week it had hired the law firm of Bernstei...
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