US - The House of Representatives may have passed the long-awaited Pension Protection Bill of 2006, but the issue of airline pensions could yet prove a bone of contention as it affords a more generous grace period to certain airlines, some senators have warned.
The House passed the bill on Friday, which was described by House majority leader John Boehner as the most sweeping overhaul to US pension laws in more than 30 years”. He added that conferees had worked...
US - The Teacher Retirement System of Texas has agreed to issue $6bn combined to Kohlberg Kravis Roberts and Apollo Global Management expanding its strategic partnership programme to the private markets.
US - All US institutional investors performed negatively in the third quarter of 2011 with the median public, corporate and multi-employer funds down 8.94%, 7.94% and 9.03% respectively, Wilshire Trust Universe Comparison Service (Wilshire TUCS) results...
US - The California State Teachers' Retirement System (CalSTRS) has adopted a policy which puts pressure on company management teams to disclose their political contributions.
US - The New York State Teachers' Retirement System posted returns of 23.3% in the 12 months ended 30 June, the highest one-year return in 25 years.
US - The $22bn Employees Retirement System of Texas (ERS) has selected Deutsche Bank as its new securities lending provider, replacing JP Morgan Chase.