Atlanta pensions need US$250m
US - Atlanta will need an additional US$250m a year to fully fund pension benefits although the source of the funds has not been identified, declared city mayor Shirley Franklin.
Addressing the Atlanta City Council, Franklin said the additional investment of $250m to the general operating fund budget was a must for the city to maintain its credit rating and pension standing. According...
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TRS hands $6bn to KKR and Apollo, grows strategic partners programme
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 investors returns negative in Q3
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...
CalSTRS policy calls for political transparency
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NYSTRS rakes in best returns in quarter of a century
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Texas ERS taps Deutsche for securities lending
US - The $22bn Employees Retirement System of Texas (ERS) has selected Deutsche Bank as its new securities lending provider, replacing JP Morgan Chase.
