US - The California Public Employees' Retirement System (CalPERS) is in search of a manager to provide index fund products for six of its trust funds.
The request for proposal (RFP) is seeking one qualified manager to run passive mandates including US nominal bonds, US large capitalisation, global equity and global public real estate. The fund is...
US - Telecommunications companies AT&T and Verizon Communications could face increased pension payments next year as their liabilities soar to a combined $73.2bn, according to an analyst note from Bernstein Research, a unit of AllianceBernstein.
US - Rupert Murdoch and other News Corporation directors face opposition from corporate governance advisory firm ISS which advised shareholders to vote against their re-elections to the board.
The aggregate deficit of S&P 1500 pension plans increased by $134bn in September, reaching a "post-World War II high", Mercer claims.
US - Acadian Asset Management has named Ronald Frashure chairman and Churchill Franklin, chief executive, after a restructure of the firm's top ranks.
US/CANADA - McGraw-Hill, owner of ratings agency Standard & Poor's, has agreed to divide itself into two separate entities following demands from shareholders including the Ontario Teachers' Pension Plan.