FASB launches technical committee
US - The Financial Accounting Standards Board (FASB) has established an advisory committee to help identify urgent accounting and financial reporting issues.
The Investors Technical Advisory Committee (ITAC), which will be comprised of users of financial reports with strong technical accounting knowledge, will also propose new items to be added to FASB's agenda...
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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.
