San Diego County Pension Terminates “Whistleblower”

The San Diego County Employees Retirement Association has terminated the employment of Jeffrey Baker, who had accused the fund’s investment team of failing to inform the its investment committee that risk budgets had been breached.

Study: Hedge Funds Suffer Fourth Worst Performance Quarter in History

While hedge fund industry assets suffered in the third quarter of 2011, dropping by $85 billion to $1.97 trillion, the industry experienced net inflows of $8.7 billion for the period, bringing total inflows so far this year to $70.1 billion, Hedge Fund Research has shown.

SSgA: Asset Management Fees Up, AUM Down

Investment management fees at Street Global Advisors (SSgA) reached $229 million, up from $196 million from a year earlier, while assets under management dropped slightly.