Cornerstone Research worked with attorneys representing a custodial bank that was sued by three pension funds whose asset portfolios had disappointing returns in a period of declining real estate markets.
Cornerstone Research worked with attorneys representing a custodial bank that was sued by three pension funds whose asset portfolios had disappointing returns in a period of declining real estate markets. The funds claimed the bank should have alerted them to the declining performance of their investments. Cornerstone Research analyzed delinquency rates both within the portfolios and more broadly in the relevant real estate markets. We collaborated with several experts to assess real estate market conditions, real estate investment allocation within pension funds, and the fiduciary obligations of custodial banks. The case settled.