US - California attorney general Edmund Brown has sued State Street for US$200m for allegedly overcharging the nation's two largest pension funds for currency trades.
Brown said for the past eight years, State Street allegedly overcharged the California State Teachers' Retirement System and the California Public Employees Retirement System, eventually cheating t...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date