San Diego Union Tribune-The county pension system has recouped $48.2 million from the Amaranth hedge fund, which collapsed in September, the retirement association said last week.
Additional repayments may be forthcoming, said Brian White, the association’s chief executive officer.
The retirement association in 2005 invested $175 million with Amaranth, a formerly lucrative hedge fund based in Connecticut. The crash occurred during a single disastrous week for Amaranth and was attributed to bad natural gas trades.
