US - Maurice "Hank" Greenberg, the former chief executive of American International Group (AIG), and five other defendants agreed to pay US$115m to settle a class action suit brought by three Ohio pension funds.

US - Trustees at the Fresno County Employees' Retirement Association (FCERA) have decided to axe the scheme's infrastructure investments in favour of boosting its commodities allocation.

AUSTRALIA - AMP Capital Investors voted on 473 resolutions in the first half of this year, the asset manager said in its biannual corporate governance report.

US - The Teachers' Retirement System of the State of Illinois (TRS) placed Barclays Global Investors (BGI) on watch for poor performance on a US$593m enhanced equity brief, according to a statement by TRS.

NORWAY - Norway's Government Pension Fund - Global gained NOK309bn (US$51.3bn) in the second quarter, a record gain for the scheme, the Norwegian central bank said today. The pension fund also said it expanded its environmental focus to include water-related...

EUROPE - Belief among credit investors in Europe that the worst market disruption is over has surged over the second quarter, according to research from Fitch Ratings.

NETHERLANDS/SWITZERLAND - Dutch and Swiss schemes have shown renewed interest in commodities, MandateWire reported.

Veritas Asset Management is wooing pension funds into its global equity strategy, which is currently dominated by retail investors.

UK/Global - London-based Veritas Asset Management is wooing pension funds into its global equity strategy, which is currently dominated by retail investors.

US - Cooper Tire & Rubber Co. has reached an agreement with the Pension Benefit Guaranty Corporation that sees the company pouring US$39m into the retirement plan of employees at a shuttered plant, the PBGC said yesterday.