Pennsylvania funds awarded US$23m in Time Warner law suit
US - A group of Pennsylvania pension funds have received a US$23m cash settlement with Time Warner and its AOL subsidiary over allegations the companies issued misleading financial statements that led to the funds paying artificially inflated prices for their securities.
The funds - US$57.1bn Pennsylvania Public School Employees’ Retirement System (PSERS), the $29bn Pennsylvania State Employees’ Retirement System (SERS), the State Workers’ Insurance Fund and the Tobacco...
More on US
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
US - The California State Teachers' Retirement System (CalSTRS) has adopted a policy which puts pressure on company management teams to disclose their political contributions.
NYSTRS rakes in best returns in quarter of a century
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.
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.
