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Friday, April 19, 2024 | Back issues
Courthouse News Service Courthouse News Service

Getty endowment woes

MANHATTAN — In the market volatility of the early pandemic, the J. Paul Getty Trust claims in a federal complaint that it lost about $71 million from the massive endowment it uses to fund artistic endeavors because Allianz Global Investors abandoned the hedging strategy that was supposed to protect the funds it managed.

Read the complaint.

Categories / Arts, Briefs, Financial, Securities

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