US - Law firm Manatt Phelps & Phillips has agreed to a five year ban on appearing before any New York public pension fund and will pay $550,000 to the state, Attorney General Andrew Cuomo said.
NEW ZEALAND - The New Zealand Super Fund returned 15.45% for the year to June, benefiting from the rebound in global equity markets.
SOUTH KOREA/US - South Korea's National Pension Service said it has bought a stake in Colonial Pipeline Co, operator of the largest pipeline linking US Gulf Coast refiners and East Coast markets, to diversify its portfolio.
US - The California Public Employees' Retirement System (CalPERS) has severed ties with Pacific Corporate Group (PCG) as part of an ongoing review of its private equity programme.
Emerging markets equities will trade at a premium to developed stocks within the next five years, Baring Asset Management predicts.
The European Parliament and Council Presidency have been unable to agree on the final text of the Alternative Investment Fund Managers (AIFM) directive.
EUROPE - The European Parliament and Council Presidency have been unable to agree on the final text of the Alternative Investment Fund Managers (AIFM) directive.
US - Sally Choi, general manager of the 43,000-member Los Angeles City Employees' Retirement System, will leave October. 15 to "pursue other opportunities", the fund said.
US - Mercer is to cease providing investment consulting services to public sector defined benefit schemes in the US.
GLOBAL - Emerging markets equities will trade at a premium to developed stocks within the next five years, Baring Asset Management predicts.