State Fires Putnam From Pension Fund
Oregon Council Fired Putnam. The Oregon Investment Council on Wednesday fired Putnam Investments as manager of $500 million in state pension funds. The council unanimously endorsed a recommendation by state Treasurer Randall Edwards to drop Putnam after fraud and improper trading allegations surfaced against the Boston-based … [Read more...] about State Fires Putnam From Pension Fund
Pension Fund Sues AOL Over Ties to Homestore
Public Pension Fund Lost. AOL Time Warner Inc.'s (AOL, news) accounting woes deepened as the company was slapped with a shareholder suit alleging the media titan was complicit in fraud perpetrated with Homestore Inc. (HOMS, news) , The Wall Street Journal reported. The California State Teachers' Retirement System, the nation's … [Read more...] about Pension Fund Sues AOL Over Ties to Homestore
State Pension Fund Shrinks
Pension Fund Accounting Scandal. Plunging stock prices, corporate accounting scandals and a state budget crisis have left North Carolina's public employees pension fund $3.3 billion poorer than it was a year ago. The N.C. Teachers and Employees Retirement System, which guarantees pension benefits to 600,000 current and former … [Read more...] about State Pension Fund Shrinks
