San Bernardino County Employees' Retirement System , San Bernardino...

San Bernardino County Employees’ Retirement System, San Bernardino, Calif., retained the law firm of Steinhart & Falconer to assess the plan’s legal options regarding trades by Advanced Investment Management that allegedly violated the $3.2 billion defined benefit plan’s investment guidelines. Advanced Investment Management was terminated in July because the firm had incurred $55 million in losses on a $498 million enhanced S&P 500 index fund it managed for fewer than four months earlier this year.