US - The Municipal Employees' Retirement System of Michigan (MERS) has appointed State Street Corporation as custodian for its $6bn in assets.
Northern Trust had been stated as custodian in MERS 2006 end of year report, costing the fund $1.18m in fees over the year. Jeb Burns, CIO, MERS said: "State Street's expertise in daily valuation as well...
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.