Kudos to the U-T’s Leslie Wolf Branscomb who gets, from the county’s pension system, yet another “soft estimate” of what the fund lost in the Amaranth hedge fund collapse.

She reports that the system now says it has lost $105 million.

We’ve, of course, seen these “soft estimates” before.

At least we know the loss can’t get that much worse right? After all, at some point it will just be the entire $175 million investment.


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