Empresas y finanzas

Calpers knew in 2003 about forex trading hits: report

6/11/2009 - 11:36
Puntúa la noticia :
Nota de los usuarios: - (0votos)

(Reuters) - California Public Employees' Retirement System, knew it was paying uncompetitive rates on foreign-exchange trades as early as 2003, the Wall Street Journal said, citing a consultant who advised the largest U.S. public pension fund.

Last month, California's attorney general sued State Street Corp , contending that State Street Bank and Trust overcharged Calpers and the California State Teachers' Retirement System for the costs of executing foreign currency trades since 2001.

State Street has denied any allegations of wrongdoing.

"We were hired in the third quarter of 2003 by Calpers to write a report on FX pricing from their custodians," Neil Record, chief executive of UK fund firm Record Currency Management , told the Journal.

"We submitted that report at the end of 2003 ... and we found uncompetitive pricing," the paper quoted Record as saying.

Record declined to tell the Journal the name of the banks that his firm audited.

Calpers declined to specifically comment to the paper on the issue. Reuters could not immediately reach the pension fund for comment regular U.S. business hours.

(Reporting by Ajay Kamalakaran in Bangalore; Editing by Lisa Von Ahn)

PUBLICIDAD

- Recibe nuestros análisis Diarios sobre Divisas, Acciones y Opciones. ¡Apúntate ya! ¡Es GRATIS!

- Opere en más de 8.000 CFDs. Infórmese y obtenga su CFD Trading Guide

- Nuevos spreads en materias primas: Oro tan sólo 0,3 puntos, Plata 0,25, Petróleo 0,35

- Opera desde 2,95 € en tiempo real con Self Bank.

elMonitor

La herramienta para el ahorrador en Bolsa

Monitor

Construya su cartera de inversión de forma clara y sencilla con las recomendaciones de elMonitor. ¡Regístrese y pruébelo GRATIS!

Alertas por email

alerta
El flash: toda la última hora
Prima de Riesgo
País Precio Puntos %
España 532,34 +23,64 +4,65%
Francia 124,04 +-7,00 +7,25%
Italia 461,90 +-15,00 +4,81%
Grecia 2.884,31 +-71,00 +2,56%
Portugal 1.063,82 -0,02 -0,22%
Irlanda 692,32 +-10,00 +1,11%

Ecotrader · Vea precios

Principales noticias:

Flecha ArribaFlecha Aabajo

Invertir en:

Renta Variable | Renta Fija | Divisas | M. Primas

Síguenos en Facebook

Evasión

casamumbaieco2.jpg

La casa más cara del mundo

27 pisos de lujo y diseño en Bombay.

Ecoprensa S.A. - Todos los derechos reservados | Cloud Hosting en Acens