US - The Teacher Retirement System of Texas has agreed to issue $6bn combined to Kohlberg Kravis Roberts and Apollo Global Management expanding its strategic partnership programme to the private markets.
US - All US institutional investors performed negatively in the third quarter of 2011 with the median public, corporate and multi-employer funds down 8.94%, 7.94% and 9.03% respectively, Wilshire Trust Universe Comparison Service (Wilshire TUCS) results...
US - The California State Teachers' Retirement System (CalSTRS) has adopted a policy which puts pressure on company management teams to disclose their political contributions.
US - The New York State Teachers' Retirement System posted returns of 23.3% in the 12 months ended 30 June, the highest one-year return in 25 years.
US - The $22bn Employees Retirement System of Texas (ERS) has selected Deutsche Bank as its new securities lending provider, replacing JP Morgan Chase.
US - The aggregate funded ratio in S&P 1500 pension plans increased to 75% in October from 72% in September, though much of the gain was wiped out at the beginning of this month, figures from Mercer show.
US - The California Public Employees' Retirement System (CalPERS) is in search of a manager to provide index fund products for six of its trust funds.
CANADA - Canadian pension funds kept mergers and acquisitions (M&A) activity in the country afloat in the third quarter, according to PwC.
US/NETHERLANDS - CB Richard Ellis (CBRE) has completed the acquisition of ING Real Estate Investment Management (ING REIM) Europe, marking the final stage of CBRE's absorption of ING's real estate business.
US - The Illinois Teachers' Retirement System has doled out $825m to new and existing managers and approved searches for up to six additional hedge fund managers and transition managers.
US - California governor Edmund Brown yesterday introduced a raft of state pension reforms that could introduce a hybrid scheme for new employees, increases the retirement age for new hires and increases pension contributions for all employees, among...
CANADA/US - Canadian pension fund the Ontario Municipal Employees Retirement System (OMERS) is opening a New York office to access key private market investments in the US.
US - Defence contractor Lockheed Martin warned 2012 profits could be hurt by unexpectedly high pension costs.
US - Bank of New York Mellon is on the receiving end of yet another lawsuit surrounding its foreign currency exchange practices, this time for allegedly marking up trades executed on behalf of the Massachusetts Pension Reserves Investment Management Board...
CANADA - The nascent Canadian longevity risk transfer market could hit $20bn by 2020, Swiss Re finds.
US - Telecommunications companies AT&T and Verizon Communications could face increased pension payments next year as their liabilities soar to a combined $73.2bn, according to an analyst note from Bernstein Research, a unit of AllianceBernstein.
CANADA/US - Teachers' Private Capital, a unit of the C$107.5bn ($106.4bn) Ontario Teachers' Pension Plan, and the $37.3bn Teachers' Retirement System of the State of Illinois have made equity investments to finance company NXT Capital.
US - Kimberly Clark, maker of Kleenex and Huggies, is increasing the pension contribution into its $3bn defined benefit plan by up to $260m because of its decreased funded status.
NETHERLANDS - Dutch telecom company Royal KPN said its pension funding decreased to 96% at the end of the third quarter in 2011, down 12 percentage points from the previous quarter.
CANADA - Canadian pensions marked their lowest quarterly returns since the start of the financial crisis on the back of world-wide market uncertainty, said RBC Dexia.
US - Institutional investment managers believe US equities are undervalued despite many expecting a further decline in US economic growth, a Northern trust survey finds
US - A new study finds New York City's defined benefit (DB) pension plans can deliver the same retirement income as a defined contribution (DC) plan at almost 40% less costs.
AUSTRALIA - Australian superannuation fund, NGS Super has launched a new social media strategy using Facebook, Twitter and YouTube to engage with members.
US - Laurence Fink, chairman and chief executive of BlackRock, said billions of assets could flow into perpetual preferred shares issued by European banks looking to recapitalise as they face more stringent capital requirements.