US - The New York State Common Retirement Fund has hired The Rock Creek Group to run the first mandate in its new emerging managers hedge fund programme, and said a new emerging managers real estate programme is in the works.
US - The New York State Common Retirement Fund posted a 25.9% return for fiscal year 2010, its third best performance in the past 20 years, according to a preliminary estimate from New York State comptroller Thomas DiNapoli.
US - Blackstone Group LP, the world's biggest private-equity firm, is trying to mend relations with New York City's public pension funds after strategist Byron Wien said retiree benefits were "too generous."
US - Nine public pension funds are calling for Massey Energy shareholders' to withhold support from three board directors claiming they have failed to carry out their safety oversight duties.
US - The New York State Common Retirement Fund (CRF) and the five New York City public pension funds have reached a preliminary class action settlement agreement for US$624m with Countrywide Financial Corporation.
US - The San Diego County Employees Retirement Association (SDCERA) has said it will appeal against a New York court decision preventing it from recouping its investment in a collapsed hedge fund.
ARGENTINA/US - Argentina has repatriated US$200m of public pension assets frozen in the US by a court order.
US - The New York City Employees' Retirement System (NYCERS) will sue Apple's Steve Jobs and other key managers for the second time after an appeal court granted the pension fund the right to do so.
US - The City of Westland Police & Fire Retirement System filed a class action lawsuit against Alcon, Novartis and Nestlé, alleging that Novartis' recent public offer for Alcon discriminated minority shareholders.
US - The chairman of private equity firm Markstone Capital Group has pleaded guilty in the on-going investigation of pay-to-play kickback schemes at the New York State Common Retirement Fund (CRF).