GLOBAL - Hedge funds might capture news headlines when they lose money as a result of financial crimes and misdemeanours, but pensions are stung more often partly due to their more regular investing patterns, according to a securities litigation lawyer...
US - The Massachusetts state pension fund will begin bypassing middlemen by directly investing as much as $500m in hedge funds.
US/UK - Royal Bank of Scotland has won a court ruling which dismissed a class action by two US pension funds claiming they suffered "massive" losses during the financial crisis.
US - BlackRock is set to lose assets it oversees for the $42.9bn Massachusetts state pension fund over fears the firm is not adequately focused on some fixed-income markets.
US - The Massachusetts Pension Reserves Investment Management Board (Mass PRIM) beat its policy benchmark by 305 basis points in the past year helping to increase total assets by $3.6bn.
US - Michael Travaglini, executive director of the US$44bn Massachusetts Pension Reserves Investment Trust, is quitting after six years as state lawmakers consider capping compensation at the public fund.
US - The Massachusetts Bricklayers and Masons pension fund has confirmed it has filed a lawsuit against Novartis, Alcon and Nestle claiming a deal between the companies discriminated against minority Alcon shareholders.