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Articles Posted in California State Teachers’ Retirement System

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Morgan Stanley To Pay $150M Over Mortgage-Backed Securities

Morgan Stanley (MS) has agreed to a $150M settlement with the California State Teachers’ Retirement System (CalSTRS) and the California Public Employees’ Retirement System (CalPERS) to resolve claims that it misled investors about the risks involved in mortgage-backed securities, which both pension funds purchased from 2003 to 2007. CalSTRS and…

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