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KKR, Blackstone Sued Over Fund Sales to Kentucky Retirement System Pension Plan
Pensions & Investments 
Dec. 28, 2017 "The plaintiffs, including a retired state trooper and a firefighter, allege that the big asset managers misrepresented expensive and risky 'black-box' bundles of hedge funds as safe ways to generate high returns. Instead, those investments contributed to the pension system's virtual insolvency, the plaintiffs said, while the managers pocketed excessive fees." MORE >> |
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