Butkiewicz echoed those sentiments. “The logistical and operational needs required to move water from a water bank in Kern County to Los Angeles in a timely manner can only be suggested by those who aren’t informed on how water infrastructure works,” he said. ...
The article reports on the termination of AXA Rosenberg and Goldman Sachs Asset Management as equity and fixed-income managers, respectively by the Kern County Employees Retirement Association. The reasons for the move include a reputational issue and poor performance. The pension fund hired PanAgora...