US - Five pension funds in New York and Ohio will jointly seek lead plaintiff status in a class action suit against BP, certain officers and directors and BP America, New York comptroller Thomas DiNapoli said.
More than 94% of respondents to the Global Pensions 100 Panel said they had no intention of taking legal action against BP to recoup losses to their investments following the Gulf of Mexico oil spill.
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 - Officials at the New York State Common Retirement Fund have announced plans to lead a class action against BP over losses related to the massive oil spill in the Gulf of Mexico.
NEW YORK - New York State comptroller Thomas DiNapoli has warned the state legislature against making a raid on the New York State Common Retirement Fund (CRF) in a desperate attempt to reach a budget deal.
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 - Taxpayers across the US owe public school teacher retirement accounts about US$933 billion, nearly triple the amount reported by the plans themselves, a study said.