US - The US$3.6bn San Diego City Employees' Retirement System' s funding plan did not make "economic or actuarial sense" and was the primary cause of its estimated US$1.7bn pension deficit, a new report has found.
Accounting firm Navigant Consulting made the statement in relation to two earlier agreements, one in 1996 when the city manager allegedly requested the SDCERS board approve contribution rates at lower...
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.