US - The California Public Employees' Retirement System (CalPERS) has rejected recommendations to lower its discount rate and voted to keep it at 7.75%.

US - Texas may double how much the $108bn Teacher Retirement System (TRS) can invest in hedge funds, which lawmakers say reduces risk from stock market volatility.

NETHERLANDS - The average funding ratio of Dutch pension funds rose from 99% to 107% over the last quarter of 2010, figures from the country's central bank show.

SLOVENIA - The Constitutional Court has ruled that a referendum on pension changes approved by Parliament can take place, a move that will delay public spending cuts and may prompt a rating downgrade.

US - The former chief executive of the California Public Employees' Retirement System has been accused of steering billions of dollars to politically connected firms.

NETHERLANDS - Stichting Pensioenfonds ABP, the largest Dutch pension fund, said its coverage ratio reached 109% at the end of February.

PERU - AFP Integra SA, manager of Peru's second-largest private pension fund, plans to increase investment in smaller mining companies as well as the consumer goods industry as growth in returns from Peruvian stocks slows.

AUSTRALIA - The Labour Union Co-operative Retirement Fund (LUCRF) Super has appointed Aviva Investors to run a A$51.5m absolute return fixed income mandate.

MENA - The Middle East and North Africa (MENA) still offer investors attractive opportunities despite the current political turmoil, ING Investment Management believes.

US - New York City's police pension hired Permal Group to invest in hedge funds, choosing the Legg Mason unit over firms including Blackstone Group.