Puerto Rico: $80M State Insurance Fund Investments Deemed High-Risk
San Juan, Puerto Rico – Investments totaling $80 million made by the Puerto Rico’s State Insurance Fund Corporation (CFSE) in The Phoenix Fund (TPF) and PUC Holding were considered “high risk,” according to Johnny Román Flores, the corporation’s auxiliary administrator of Finance and Administration. The revelation comes as the CFSE pursues legal action to recover … Read more