More and more pension funds are making their securities lending programmes work harder for them by expanding into emerging markets, as Helen Fowler reports
GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.
US - The State Treasurer of Ohio has called on the attorney general to launch an investigation into whether members of the state's pension funds have been exploited by custodial banks conducting foreign currency exchanges.
US - A group of Ohio and New York public pension funds have been granted lead plaintiff status in a securities class action against BP.
US/EUROPE - Pension funds from Europe and the US have been given the go-ahead to proceed with a securities fraud lawsuit against Bank of America and Merrill Lynch.
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.
US - The American International Group has agreed to pay US$725m to settle a class action suit brought by three Ohio pension funds alleging bid-rigging, stock price manipulation and accounting fraud.
US - A federal court ruling certified a class action led by three Ohio pension funds accusing the American International Group (AIG) of securities fraud, but excluded bondholders from the class.
US - A federal judge has approved a US$150m settlement between Bank of America and the Securities and Exchange Commission settling charges that the bank failed to disclose material information about its acquisition of Merrill Lynch.
Jerry May of Ohio Public Employees' Retirement System explains how securities lending has evolved