« Conference and Commentary on Stoneridge Investors | Main | Feds Start Investigation into Bear Stearns Funds »
October 5, 2007
States Investigate State Street Bond Funds
Some state attorneys general are looking into possible law suits against State Street Corp. over losses their state retirement funds suffered investing in two "enhanced index" bond funds. Marketed as low-risk investments, the funds made aggressive bets on mortgage-backed securities and derivatives. Prudential Financial brought suit this week on similar allegations. WSJ, State Street Blues: Fund Woes Linger.
October 5, 2007 in News Stories | Permalink
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341bfae553ef00e54f053a3a8834
Listed below are links to weblogs that reference States Investigate State Street Bond Funds:
