US - The California Public Employees' Retirement System (CalPERS) has dismissed its lawsuit against Fitch Ratings but will maintain its action against fellow ratings agencies Moody's and Standard & Poor's.
The lawsuit had accused the three companies of increasing the security rating of $1.3bn in debt from three investment funds in July 2009 (Global Pensions: 5 May 2010). Fitch will make no payment to...
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.