SC pension funds buying mortgage investments : News : CarolinaLive.com

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SC pension funds buying mortgage investments

by Lauren Lowrey

Posted: 03.24.2008 at 2:45 PM

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The subprime mortgage crisis has yielded at least one benefit for states. Mortgage-related investments have become so cheap, they're luring some pension funds to buy.

Retirement systems in South Carolina are seeking security firms with good credit ratings that'll yield strong returns later.

The state is looking to buy $100 million in mortgage-related investments for its $30 billion state pension fund.

The state said it's only tentatively investing a small amount of the overall portfolio.

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