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Enron losses hit big money managers and Florida fund
As Enron collapsed, major money management firms and pension funds faced steep losses from Enron stock buys through mid November. Alliance Capital faced lawsuits and Florida sued while the fund giant’s purchases, including 50 buys at up to 82.73 a share, totaled 43 million shares. The stock later fell to 28 cents as bankruptcy landed.
MENTIONED IN THIS ARTICLE
New York
Enron
Alliance Capital Management
Alliance
Alfred Harrison
Florida
Florida State Board of Administration
Andrew Silton
North Carolina
Evergreen Investments
Silton
New York City
Frank Savage
Savage
Wall Street
Michael Pucillo
West Palm Beach, Fla
Board of Public Administration
Dyrnegy Corp