Regions

US - The California State Teachers' Retirement System is allocating an additional US$100m to inner-city and rural markets through the Banc of America Merrill Lynch Capital Access Fund.

Giovanni Legorano investigates the increasing trend for US law firms to seek security class action business in western Europe

GLOBAL - The CFA Institute and the UK Investment Performance Committee (UKIPC) have unveiled new GIPS standards that will require fair value reporting of hard to value assets and more in-depth reporting of risk within an investment strategy.

EUROPE - Exchange traded funds tracking commodities and hedge fund indices are the best placed to receive new inflows this year, a survey by db x-trackers revealed.

CHINA/US - The China Investment Corp. (CIC) has partnered with chip maker Intel to invest in technology innovation, Intel said.

GLOBAL - An influential coalition of investors, including 33 pension funds, has demanded 86 major companies produce overdue sustainability reports.

EUROPE - Four senior conservative members of the European Parliament (MEPs) are set to launch a legal fight against European Parliament proposals to tackle a £106m (US$165.6m) deficit in its pension fund.

GLOBAL - Towers Watson has started recommending its clients invest up to half of their passive assets in fundamental indexes.

EUROPE - The vast majority of European investment funds are not using the International Financial Reporting Standards (IFRS) in their accounting and reporting, a survey by Ernst & Young revealed.

GLOBAL - The relationship between pension funds and their consultants is changing with scheme managers often asking their advisers to be more proactive with their investment advice, industry experts said.