University of Maine pension fund fires Guggenheim over regulatory probe


(Reuters) – A university pension and endowment fund fired a Guggenheim Partners LLC subsidiary because of its ongoing investigation by the U.S. Securities and Exchange Commission (SEC), records showed, as the closely watched U.S. asset manager faces pressure to address clients’ concerns.

Mark Walter, Guggenheim chief executive and chairman and owner of the Los Angeles Dodgers, appears at a Los Angeles Dodgers press conference in Los Angeles August 25, 2012. REUTERS/Danny Moloshok

The University of Maine’s investment committee, which oversees $640 million, jettisoned Guggenheim…



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