9th Circuit Reverses Dismissal Of ERISA Case Over Structured Alpha Funds

(August 8, 2024, 8:38 AM EDT) -- SAN FRANCISCO — Reversing dismissal of a putative class action against the fiduciaries of union carpenters’ retirement plans, a Ninth Circuit U.S. Court of Appeals panel said in an unpublished memorandum disposition that the carpenters “have sufficiently alleged a relative loss based on” investments “in two volatility hedge funds managed by Allianz Global Investors U.S. LLC.”...