US - Former New York State comptroller Alan Hevesi has been sentenced to up to four years in prison for his role in a pay-to-play scandal while overseeing the $124.8bn New York State Common Retirement Fund.
US - BlackRock has appointed Lee Kempler to head its new Investment Institute.
US - Former New York state comptroller Alan Hevesi is to be sentenced today for his role in a pay-to-play scandal while overseeing the $124.8bn New York State Common Retirement Fund.
US - Rhode Island's unfunded public pension liabilities for teachers and most state workers jumped about 27% after the board overseeing the retirement system voted to cut the presumed rate of return on assets.
US - Goldman Sachs misled clients and Congress about the firm's investments in securities tied to mortgages, a report by the US Senate has found.
KAZAKHSTAN - BTA Bank is to merge two pension funds with a company managing pension assets to create the country's second largest retirement plan.
Infrastructure fund managers are focussing their investment strategies on transport and energy sectors, research shows.
US/UK - BP , whose share price has dropped 29% since last year's Gulf of Mexico oil spill, will face opposition from two of the US's largest pension funds at the company's annual general meeting tomorrow.
EUROPE - APG and Australian property firm Goodman have joined forces as part of a consortium making a €1.2bn ($1.7bn) bid for ProLogis European Properties.
GLOBAL - Infrastructure fund managers are focussing their investment strategies on transport and energy sectors, research shows.