Aguirre: Circle closing in on the "pensions wrongdoers"
US - San Diego city attorney claimed the circle of investigation was closing on the "wrongdoers" in the pensions crisis, after the FBI raided former pensions system board president Frederick Pierce's workplace.
It was reported agents seized computers and documents from his office at the San Diego State University Foundation as part of an ongoing investigation into the city’s US$1.4bn pensions hole. Aguirre said:...
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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
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.
