North America

CANADA - The Ontario Teachers' Pension Plan has acquired CTVglobemedia's remaining 7.7% stake in Maple Leaf Sports and Entertainment (MLSE), owner of several sports franchises including hockey league Toronto Maple Leafs.

US - The New York State Common Retirement Fund (CRF) has hired FTSE Environmental Technology 50 and HSBC Global Climate Change Index to invest a combined US$200m in green equity investments, the pension scheme announced.

US - The Missouri State Employees Retirement System (MOSERS) has become the first public pension fund to comment against the Securities & Exchange Commission's proposal to ban the use of placement agents.

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.

CANADA - The Canada Pension Plan Investment Board (CPPIB) said it gained over C$11bn (US$10.1bn) in the quarter ending June 30, but assets remain lower than they were last year, the CPPIB said in its quarterly release.

CANADA - Caisse de dépôt et placement du Québec is set to restructure its real estate division after it lost C$5.7bn (US$5.2bn) in the first half of the year.

BRAZIL - The Canada Pension Plan Investment Board (CPPIB) and the Government of Singapore Investment Corporation (GIC) have teamed up with a Brazilian real estate developer to build a portfolio of commercial real estate properties.

US - Corporate pension funds outperformed all other institutional investors in the quarter ending June 30, according to data from consulting firm Wilshire Associates.

CANADA - The Supreme Court of Canada has ruled food maker Kerry Inc. can use the surpluses from its defined benefit (DB) scheme to pay pension expenses and contributions into its defined contribution (DC) scheme.