US - In yet another blow to the beleaguered Bank of Ireland Asset Management (BIAM), the US$60bn Ohio Public Employees Retirement System (OPERS) has announced it has terminated the firm, which managed US$420m in active international equities for the fund.
BIAM has been on OPERS watchlist since November 2003 and was terminated by the fund last month. The firm has suffered recently from the defection of six of its senior staff to join a new global equities...
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.