Hedge Fund Champion Leaves County Pension Amid Losses, Tension

`` "Pension board member Doug Rose, a San Diego County prosecutor, sharply criticized SDCERA Chief Executive Brian White for failing to contact federal investigators when the fund learned of problems at WG Trading before the arrests." The resignation of Chief Investment Officer David Deutsch came amid increasing tension among leaders of the beleaguered fund. Deutsch claimed the board that was too controlling for his liking, while trustees expressed some of their most stinging criticisms that the hedge fund strategy Deutsch championed had led the pension astray. The board demanded answers Thursday not only about the collapse of WG Trading -- which held $78 million of the fund's assets -- but why the leadership had done nothing to help investigators looking into the matter.''