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Municipal Workers Across Country Lost Money After Their Pensions Gave Funds to Advisers Who Invested with Madoff
Pension Pulse 
Jan. 12, 2009 "[Bloomberg] reports that losses at municipal pensions are spurring an investment warning: Municipal-pension managers shouldn't give money to advisers who invest it in funds run by others, a practice that sparked $14 million of losses tied to Bernard Madoff, labor union investment official Richard Ferlauto said." MORE >> |
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