Investment managers report positive monthly gain for Norwalk pension but flag UBS/First Brands exposure Investment managers told the Norwalk pension board the fund rose about $8.5 million in September with a fiscal‑year‑to‑date return near 4.9%, but flagged exposure to First Brands bankruptcy tied to UBS co‑investments and recommended a follow‑up with UBS.

Norwalk City's pension fund celebrated a robust September gain of over $8.5 million, but concerns loom with bankruptcy ties to First Brands and UBS co-investments.

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