US pension funds who launched a class action against Wachovia over the purchase of bonds have agreed to a settlement worth $627m.
US - The Orange County Employees Retirement System (OCERS) has issued a request for proposal (RFP) for a general investment and specialist consultants.
US pension funds are showing renewed interest in global equities, Jaishree Kalia reports.
US - The Orange County Employees Retirement System (OCERS) estimated a software programming error which caused liabilities to be underestimated will cost the fund between US$6m and $7m per year.
US - California governor Arnold Schwarzenegger has signed a bill introducing a hybrid pension plan for Orange County employees paving the way for a two-tiered retirement system.