US - The New York State Common Retirement Fund moved an international and domestic equity mandate to a global equity remit, according to the fund's February transaction report.
US - New York governor Andrew Cuomo has asked the state's Insurance Department to, for the first time, ban the involvement of any state officials in pension fund business.
US - Former New York State comptroller Alan Hevesi has been sentenced to up to four years in prison for his role in a pay-to-play scandal while overseeing the $124.8bn New York State Common Retirement Fund.
US - Former New York state comptroller Alan Hevesi is to be sentenced today for his role in a pay-to-play scandal while overseeing the $124.8bn New York State Common Retirement Fund.
US - The New York State Common Retirement Fund (CRF) has terminated Insight Capital Research & Management from a $21m domestic equity portfolio, the pension fund said.
US - The judge who accepted the guilty plea of former New York Comptroller Alan Hevesi has transferred the pension-fund corruption case to another judge for sentencing, after refusing to withdraw because of an alleged conflict of interest.
US - The New York State Common Retirement Fund (CRF) terminated AllianceBernstein and Capital Guardian Trust from domestic large-cap equity mandates worth a combined $2.5bn.
US - The New York State Common Retirement Fund returned 6% in the third quarter of the fiscal year on the back of strong equity performance.
US - Henry "Hank" Morris, the chief political advisor to former New York comptroller Alan Hevesi, has been sentenced to four years in prison for his involvement in a pay-to-play scandal.
US - Newly hired managers for part of New York City's $108 billion pension might be fired if they criticise workers' benefits, according to a trustee of the police retirement fund.