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San Bernardino County Employees Retirement Association

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CALIFORNIA | LOCAL
September 23, 2003 | Hugo Martin, Times Staff Writer
The San Bernardino County Employees' Retirement Assn. announced Monday that it had entered into a settlement with 21 other claimants against a money management outfit that lost an estimated $415 million of the claimants' money before going out of business last year. The retirement association said it originally invested about $460 million with Advanced Investment Management Inc. and lost an estimated $63 million from its $3.2-billion employee retirement fund investment pool.
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CALIFORNIA | LOCAL
September 23, 2003 | Hugo Martin, Times Staff Writer
The San Bernardino County Employees' Retirement Assn. announced Monday that it had entered into a settlement with 21 other claimants against a money management outfit that lost an estimated $415 million of the claimants' money before going out of business last year. The retirement association said it originally invested about $460 million with Advanced Investment Management Inc. and lost an estimated $63 million from its $3.2-billion employee retirement fund investment pool.
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