North America

US/UK - The trustee of the Visteon UK Pension Plan and the Pension Protection Fund are withdrawing a US$550m (£350m) claim against Visteon Corporation.

CANADA - Caisse de dépôt et placement du Québec chief risk officer Susan Kudzman has stepped down, the pension fund manager said.

CANADA - The Canada Pension Plan Investment Board (CPPIB) has bought a minority stake in the 50-storey McGraw-Hill building in the heart of Manhattan for US$576m, including debt and working capital.

CANADA - The Canadian government has proposed shelving certain investment restrictions currently imposed on private pension plans.

UK/CANADA - The Alberta Investment Management Corp. (Aimco), which manages C$70bn (US$70bn) in assets for Alberta pensions and other institutions, is in negotiations to take over UK-based buy out firm Candover.

US - A group of institutional investors, shareholders in Lehman Brothers, have filed an amended complaint which names Lehman's former auditor Ernst & Young as an additional defendant.

CANADA - The Healthcare of Ontario Pension Plan (HOOPP) has finalised the implementation of an asset liability management (ALM) solution provided by Ortec.

US - The US Supreme Court sided with businesses in a dispute over the meaning of ambiguous pension plans, ruling that a federal trial judge should have deferred to Xerox Corp.'s interpretation of its plan.

US - The California Public Employees Retirement System has struck a deal with Apollo Global Management that sees the private equity fund manager reducing its existing fees by US$125m over the next five years.

INDIA/CANADA - The Canada Pension Plan Investment Board (CPPIB) has made its first investment in an India-focused private equity fund.