F.B.I. Asking Questions After a Pension Fund Aimed High and Fell Short [The New York Times]
Franklin Resources, Inc. (BEN)
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Source: The New York Times
DealBook|F.B.I. Asking Questions After a Pension Fund Aimed High and Fell Shorthttps://www.nytimes.com//05/11/business/dealbook/psers-pennsylvania-fund-fbi.htmlToday inBusinessmentContinue reading the main storyDealBook Business and PolicySupported byThe Pennsylvania teachers’ retirement fund put more than half its assets into risky alternative investments. The math didn’t work out, spurring an investigation.An oil field in Iraq’s Kurdistan region. One of the Pennsylvania teachers’ fund investments was in an entity set up by the commodities giant Glencore to make oil-backed loans to Kurdistan.Credit...Azad Lashkari/ReutersByMary Williams WalshMay 11, ,5:00 a.m. ETThe search for high returns takes many pension funds far and wide, but the Pennsylvania teachers’ fund went farther than most. It invested in trailer park chains, pistachio farms, pay phone systems for prison inmates — and, in a particularly bizarre twist, loans to Kurds trying to carve out their own homeland in
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BEN
Earnings
- 4/29/24 - Miss
BEN
Sec Filings
- 5/9/24 - Form N-CEN
- 5/7/24 - Form N-MFP2
- 5/3/24 - Form 497J
- BEN's page on the SEC website