North America

US - The California Public Employees Retirement System (CalPERS) has criticised institutional fund manager Hermes over poor performance in one of its portfolios.

CANDADA/US - The Ontario Municipal Employees Retirement System (OMERS) and GIC Special Investments (GIC SI) have bought a minority stake in the largest electricity distribution and transmission system in Texas.

CANADA - Trustees of the Canadian Commercial Workers Industry Pension Plan (CCWIPP) are being sued by the Financial Services Commission of Ontario (FSCO) for allegedly failing in the administration and investment of the fund.

US/JAMAICA - The US$10.8bn Public Employees Retirement System of Idaho (PERSI) has signed a US$40m deal in partnership with the Koll Company to take over a California business park.

CANADA - The pensions industry has been urged to always remember fundamental investment principles such as transparency, as losses from Canadian non-bank asset backed commercial paper (ABCP) become clearer.

CANADA/NZ - Canada Pension Plan Investment Board (CPPIB) and its New Zealand subsidiary, NZ Airport NC (NZANC), are disputing a claim by Auckland Airport for expenses incurred in responding to the pension fund's failed partial takeover bid.

US/CANADA - The Ontario Teachers Pension Plan (OTPP) has filed a lawsuit against American International Group (AIG) claiming it made false statements over the financial security of its credit default swaps (CDS).

CANADA - Teachers' Private Capital, the private investment arm of the CAN$108bn (US$106bn) Ontario Teachers' Pension Plan (OTPP), has confirmed rumours it has approached a major shareholder of moneysupermarket.com with regards to a possible offer.

CANADA - The CAN$39bn (US$38.8bn) Public Sector Pensions Investment Board (PSP Investments) posted a $450m write down as a result of collateralised debt obligations (CDOs), according to its annual report.

CANADA - Pension plans were lifted into positive territory by rising home-based energy stocks, but their diversified portfolios meant they did not match the country index's gains in the second quarter of 2008.