There are bragging rights. Money talks..bye bye Mass. Pension funds..

DJ Mass. Pension Fund Fires Legg Mason, 4 Other Firms -Reuters

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DOW JONES NEWSWIRES


Massachusetts' nearly $51 billion pension fund Wednesday fired Legg Mason Capital Management, a Legg Mason Inc. (LM) unit run by renowned fund manager Bill Miller, and four other fund firms - Ariel Investments, Gardner Lewis, Mazama Capital Management and NWQ - from overseeing a U.S. equity portfolio due to poor performance, Reuters reported. The pension fund's board approved the transfer of about $1.4 billion of the $1.8 billion portfolio to State Street Corp. (STT) unit State Street Global Advisors.

Full story at http://www.reuters.com/article/bondsNews...


-Dow Jones Newswires; 201-938-5500