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 - The New York State Common Retirement Fund rose to $132.8bn after the fund returned just over 8% in the quarter ended September 30.
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.
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 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 - 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 - The New York State Common Retirement Fund (CRF) invested US$150m combined in private equity and absolute return strategies in October, according to the scheme's monthly transaction report.
US - Strong equity markets helped deliver an 18.3% return in the six months through September 30 at the New York State Common Retirement Fund (CRF), trustee and state comptroller Thomas DiNapoli said.