The folks at the San Diego County Employees Retirement Association are mad, and they’re not going to take it any more. In fact, they have filed a lawsuit.
When Alpha last spoke with Sdcera CIO David Deutsch, in September 2006, the pension fund had just lost most of its $175 million investment in Amaranth Advisors -- the now-defunct Greenwich, Connecticut, hedge fund firm that blew up when a bet it made on the direction of natural-gas prices led to more than $6 billion in losses.
