US - New York's pension fund withdrew its money from three equity accounts, including two with Oppenheimer Capital LLC, state comptroller Thomas DiNapoli said.
The state lost about US$235m in one Oppenheimer fund. The account had $765m when it was closed on 1 October, down from about $1bn as of 31 March, according to state documents. About $110.4m was ear...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
