North America

CANADA - Global Pensions invites readers to save the date for the Currency Management Forum Toronto 2010 to discuss how pension funds can make the most of the unique currency environment.

CANADA - Canada's financial stability could be at risk by the discovery that current methods of accounting for public sector pension obligations may have been understating their true costs by C$58bn (US$56.3bn), a think tank said.

US - Emerging market specialist Finisterre Capital has launched an absolute return fund seeded with US$250m of initial capital from the New York State Common Retirement Fund (CRF).

GLOBAL - A strong majority of global pension fund investors believe active managers have the ability to deliver alpha, a new survey by Pyramis Global Advisors found.

US - Two US pension funds who sued Goldman Sachs last month over allegedly excessive bonus packages have asked the court to schedule an expedited hearing on their request to block the payments.

US - A class action lawsuit has been filed against Sterling Savings Bank on behalf of staff seeking compensation over the firm's alleged failure to protect pension investments in company stock.

GLOBAL - Dissatisfied institutional investors launched a spate of managerial reviews as returns flagged during the first half of 2009, research from bfinance revealed.

US -California governor Arnold Schwarzenegger equated the state's rising pension costs to a "locomotive" and pledged to make pension reform a priority in 2010 in his annual State of the State address yesterday.

US - Denver-based asset manager Janus Capital Group has hired Richard Weil from rival PIMCO as its chief executive officer.

CANADA - The Ontario Teachers' Pension Plan (OTPP) has led a group of investors in the acquisition of American International Group's (AIG) Canadian mortgage insurance business, OTPP said.