San Diego unveils WG Trading fraud, CIO quits

Mon Apr 6, 2009




San Diego County Employees' Retirement Association trustees are once again questioning how another bad hedge fund investment has sparked another round of negative headlines. At the same time they are looking to replace the $7 billion pension fund's chief investment officer. David Deutsch resigned following the uncovering of alleged fraudulent fund managers Paul Greenwood and Stephen Walsh, who ran companies including WG Trading and Westridge Capital Management.

Deutsch resigned after five years with the...

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