US - The Indiana Public Eemployees' Retirement Fund (PERF) has set up an emerging managers programme to seek out investment opportunities with small Indiana firms owned by women and minorities.
The fund will focus on firms with less than $2bn in assets under management.
The Ohio Public Employees Retirement System (OPERS) last week selected two firms to manage its minority manager mandate within its US equity asset class.
Leading Edge Investment Advisors and Progress Investment Management Company, were appointed by the $77.6bn fund to manage mandates of $75m and $50m respectively.
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point