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    University’s Pension Plan invested $67 m in Lancer Offshore

    The University of Montreal Pension Plan invested US$67 million - representing more than eight per cent of its total assets - in the now-insolvent Lancer Offshore fund, according to a lawsuit.Another major investor was the AXA group, whose investment vehicles put in $15.25 million in June, 2002 - less than three months before the New York Post newspaper began raising questions about the Fund and six months before the Fund announced it was suspending cash redemptions.