The San Diego County Employees Retirement Association, the Californian pension plan, is looking to replace the investment consultancy that recommended it put money in Amaranth Advisors, a move which lost the fund more than $100m (€79.6m).

The $7.6bn pension plan ended its agreement with Rocaton Investment Advisors last week and is expected to hire a new adviser within the next few days. San Diego hired Rocaton in August 2002 as a general investment consultant for the pension plan. Rocaton also advised on San Diego's alpha engine, which includes hedge fund investments.

Jennifer McCandless in New York

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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The shooter who killed four including Blackstone executive and NYPD officer left suicide note indicating he believed he had CTE from brain trauma, Adams says

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Homegrown names such as Laopu, Mao Geping and Songmont are winning over customers who are losing their taste for high-end Western brands.

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The pact imposes a baseline tariff of 15% on the U.S.’s biggest trading partner.

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Many in the Gen Z generation missed out on critical experiences during the pandemic. Bosses should be filling in those gaps.

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The lender forecast total income excluding notable items to exceed $21.61 billion as loan growth and structural hedges continue to mitigate the impact of interest-rate cuts.

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The president turned a rare visit to the U.S. central bank into political theater that included hard hats and a back slap.

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The leaders of America’s chip giants cheered the president’s artificial intelligence orders, which could help boost the domestic semiconductor industry.

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The Davos founder rejected preliminary findings of misconduct, including improper travel expenses and gifts.

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CME Group’s second-quarter earnings and revenue rose sharply as the derivatives-exchange operator benefited from a surge in trading activity due to market volatility.

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The Italian bank lifted earnings and shareholder-distributions guidance after reporting better-than-expected profit, looking to turn the page on its aborted takeover bid for its smaller peer.

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The lender reported a sharp decline in net profit due to a one-off hit related to the sale of its Brazilian subsidiary and an increase in loan loss allowances.

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The biopharmaceutical company said the investment includes plans for a new manufacturing center focused on chronic diseases.

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The European Union still wants a deal, but with U.S. demands growing, the bloc is getting ready to push back.

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Pension to replace adviser post-Amaranth

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