SDCERA mulls action against Amaranth

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US - The San Diego County Employees' Retirement Association (SDCERA) has hired a law firm to investigate whether to sue Amaranth Advisors, which cost the fund over $100m when it crashed last month.

The US$7.7bn pension fund confirmed it had hired law firm of Bernstein Litowitz Berger & Grossman to look into the matter with Sean Coffey serving as lead attorney. SDCERA was the worst hit of the...

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