US - Detroit workers' pension boards have sued Michigan Governor Rick Snyder, asking a court to declare unconstitutional a new law granting state-appointed financial managers emergency powers to terminate employee contracts and suspend collective bargaining....

US - LJ Group and the senior management team of Deloitte Investment and Pension Consulting (IPC) have completed the management buyout of the business from Deloitte Private Client Services.

GREECE - Greece plans to sell €1.25bn ($1.78bn) of 13-week Treasury bills today as growing speculation the country will need to restructure its debt pushed bond yields to euro-era records.

GLOBAL - Increasingly cautious institutional investors have caused a significant decline in the number of hedge fund of funds with assets of between $2bn and $5bn, research suggests.

US - The California Public Employees' Retirement System (CalPERS) Board of Administration has adopted a 12-point set of federal legislative policy priorities to help underscore its commitment to preserving defined benefit plans.

UK/US - Principal Global Investors has acquired a majority stake in London-based emerging markets specialist Finisterre Capital.

GLOBAL - The International Monetary Fund has become the latest financial body to express concerns about the growth of the ETF industry.

Sustainability criteria such as ESG criteria are too important to be ignored in investment decision making, research by Allianz Global Investors suggests.

GLOBAL - Emerging markets will capture an even greater share of investor allocations to private equity as limited partnerships (LPs) aggressively seek exposure to high growth markets, research suggests.

Sustainability criteria such as ESG criteria are too important to be ignored in investment decision making, research by Allianz Global Investors suggests.