US - The New York State Common Retirement Fund (CRF) has committed $300m to US private equity firm Blackstone.
US - Law firm Manatt Phelps & Phillips has agreed to a five year ban on appearing before any New York public pension fund and will pay $550,000 to the state, Attorney General Andrew Cuomo said.
US - Former New York State Comptroller Alan Hevesi has pleaded guilty to participating in a pay-to-play scandal while overseeing the $124.8bn New York State Common Retirement Fund.
US - New York Mayor Michael Bloomberg said city pension funds have set unrealistically high assumed rates of return on investments at 8%.
US - The California Public Employees' Retirement System (CalPERS) says new rules governing the registration of placement agents will improve the transparency in the fund's investment process.
US - Former New York state comptroller Alan G. Hevesi told New York Attorney General Andrew Cuomo's office he is willing to plead guilty in connection with a probe of corruption at the state pension fund, according to a person familiar with the investigation....
US - The New York State Common Retirement Fund (CRF) will invest $15m in early-stage companies through its new High Peaks Seed Venture Fund.
US - The New York State Common Retirement Fund has published research investigating the impact of adopting a fixed income only investment strategy.
US - Unlicensed intermediary William "Bill" White has agreed to pay $1m to New York State as part of the ongoing investigation into pay-to-play practices at the New York State Common Retirement Fund (CRF).
US - The return assumption for the New York State Common Retirement Fund (CRF) has been lowered by half a percentage point to 7.5% leading to higher contribution rates for state employers.