Pursuits
Breeden Capital Management Fired by New York City Pension Fund
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New York City’s $36 billion pension fund for civil-service employees fired a money management firm headed by former U.S. Securities and Exchange Commission chairman Richard Breeden, who was stung by losses on his investment in retail jeweler Zale Corp.
The Employee Retirement System board of trustees voted via e-mail May 25 to terminate Greenwich, Connecticut-based Breeden Capital Management, according to information obtained from the city comptroller’s office under a public records request by Bloomberg News.