Investment Loss

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German Dentists’ Pension Fund Sues Advisers Over €1 Billion Loss

The German Dentists' Pension Fund (Versorgungswerk der Zahnärztekammer Berlin) has filed a lawsuit against its former advisers, including EY, over alleged negligence that led to over a billion-euro loss in real estate investments. The fund claims poor advice and oversight resulted in significant financial damage, particularly regarding illiquid property holdings.

Bloomberg•10 months ago

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