San Bernardino County Employees Retirement System, San Bernardino, Calif., retained the law firm of Steinhart & Falconer to assess the plans legal options regarding trades by Advanced Investment Management that allegedly violated the $3.2 billion defined benefit plans 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.
San Bernardino County Employees' Retirement System , San Bernardino...
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