US - The Pension Benefit Guaranty Corporation (PBGC) has assumed responsibility for the pensions of 3,700 workers and retirees of the bicycle and sports equipment company Huffy Corporation, whose retirement plan ended as of 31 August.
The PBGC estimates it will be responsible for US$80m of the $80.7m shortfall. The plan is 47% funded, with $71.7m in assets to cover $152.4m in benefit promises. Huffy filed for bankruptcy protection...
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.