The San Diego County retirement fund may suffer potential investment losses from the collapse of Greenwich, Connecticut-based Amaranth Advisors LLC, a hedge fund manager. Bloomberg reports that the $7.2 billion San Diego County Employees Retirement Association had invested $175 million in Amaranth in 2005. Amaranth lost about $4.6 billion this month on bad wagers on natural-gas prices. This left it down about 35%, or $2.6 billion, for the year, according to Bloomberg.
Collapse Of Amaranth Advisors May Have Cost Californian Pension Fund Dear
The San Diego County retirement fund may suffer potential investment losses from the collapse of Greenwich, Connecticut based Amaranth Advisors LLC, a hedge fund manager. Bloomberg reports that the $7.2 billion San Diego County Employees Retirement Association had invested $175
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