Morgan Stanley to pay $130 million to California pensions

California 04/25/19, 17:05

One of the world's largest investment banks has agreed to put $130 million into the nation's biggest public pension system to settle accusations it knowingly sold bad investments that caused the retirement fund for millions of workers to lose money.California Democratic Attorney General Xavier Becerra announced the settlement with Morgan ...

President of nation’s largest public pension fund unseated

California 10/04/18, 15:23

The president of the nation's largest public pension fund was unseated Thursday by a critic who says fund directors are attempting too much social investment at the expense of pensioners.Corona police officer Jason Perez defeated Priya Mathur, a 15-year member of the California Public Employees' Retirement System's Board of Administration.Perez ...

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