North America

US - Asset managers can expect slimmer bonuses this year as firms continue to struggle from the downturn, according to a new report by recruitment firm Russell Reynolds Associates.

US/UK - A US buyout market to rival the UK's is not likely in the short term because of competing mindsets among the countries' policy makers about the future of defined benefit systems - US officials still have faith.

CANADA - The Canadian Union of Public Employees (CUPE) said it will lobby for an overhaul of the Canadian pension system, calling for mandatory pension participation, a national system of pension insurance, and expanding the mandate of the Canada Pension...

US - New York state comptroller Thomas DiNapoli will have some company as he leads the state's US$116bn pension fund if a new legislation calling for the abolition of the single-trustee model is passed.

CANADA - The Canada Pension Plan Investment Board has partnered with Sterling Partners to acquire the Livingston International Income Fund for C$8 (US$7.65) per unit, Livingston said.

UK/US - Local authority pension schemes could be losing out on £125m (US$198.9m) by failing to participate in US class action lawsuits, research by Goal Group revealed.

Following a difficult 12 months Raquel Pichardo-Allison looks at the differing strategies corporate and public funds in the US have developed to survive the credit crunch

US - Five pension funds have filed an amended complaint against Bank of America (BofA) alleging the firm mislead investors in the lead-up to the bank's acquisition of Merrill Lynch.

CANADA/US - A unit of the Ontario Teachers' Pension Plan (OTPP) will take a stake in Simmons, the US-based mattress maker said as it outlined its bankruptcy and restructuring plans.

CANADA - The Caisse de dépôt et placement du Québec has committed C$39.8m (US$37.2m) to Canadian technology company GLV, as part of an ongoing programme to invest C$1.5bn in Quebec-based firms.