A California pension plan that lost $175 million in the celebrated collapse of Amaranth Advisors has recouped just over a quarter of its money. A news release Friday from the San Diego County Employees Retirement Association (SDCERA) said that, as of 16 January2007, it has received approximately $48.2 million in partial distributions. The fund said in its announcement that Amaranth has informed SDCERA that there will likely be additional distributions in the first quarter of 2007
San Diego Pension Funds Recoups A Quarter Of Amaranth Losses
A California pension plan that lost $175 million in the celebrated collapse of Amaranth Advisors has recouped just over a quarter of its money. A news release Friday from the San Diego County Employees Retirement Association (SDCERA) said that, as