CalPERS and Moody's settle for $130 millionBY DARREN SNYDER | FRIDAY, 11 MAR 2016 12:19PM
The California Public Employees' Retirement System (CalPERS) has settled with Moody's for a record US$130 million for its erroneous ratings of structured investment vehicles prior to the Global Financial Crisis.Read more: US, Moody, California Public Employees, Global Financial Crisis, Retirement System, General Counsel for CalPERS, Matthew Jacobs, Collateralised Debt, Poor, S&P, Standard, subprime Residential Mortgage-Backed Securitie
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Vivek Ahuja, portfolio manager for the Templeton Global Macro team, believes fixed income portfolios with allocations too close to core indices become vulnerable to rising interest rates, especially in ...
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