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Howard Hughes Medical Institute
Washington, DC ,United States of America
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North Carolina Retirement Systems
Wake County, NC ,United States of America
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San Francisco Employees Retirement System
San Francisco Employees Retirement System, CA ,United States of America
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Pension Funds Sue 6 Investment Banks Over Securities Lending Market Collusion - Pensions & Investments
Three public pension funds claim in a federal class-action lawsuit filed Thursday that six major investment banks colluded to overcharge investors and maintain control of the $1.72 trillion stock loan market, according to a court document. The suit was filed in U.S. District Court in New York by the $28.5 billion Iowa Public Employees' Retirement System, Des Moines; $14.2 billion Orange County Employees Retirement System, Santa Ana; and $2.5 billion Sonoma County Employees' Retirement Association, Santa Rosa, Calif. Full investment news article
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