US - The North Dakota State Investment Board (SIB) has axed Westridge Capital Management, whose principals were arrested for alleged fraud last month.
The firm managed US$161.3m for the pension fund and North Dakota has so far been able to recover $23.3m, according to an SIB release. In late February, the FBI arrested Paul Greenwood and Steph...
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
