UPDATE: San Diego County Employees Retirement Association

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.

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.

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