Rhode Island came out ahead in the proposed settlement to union-backed lawsuits challenging the state's landmark 2011 pension overhaul law, capital markets professionals and other observers said.
A proposed bill expected save billions in fees for the Oregon Investment Council (OIC) was passed by a legislative committee Monday.
Rhode Island officials and a federal mediation agency late Friday outlined a proposal to settle lawsuits by public-sector unions challenging Rhode Island's landmark 2011 law that overhauled the pension benefit system for state employees.
The Canada Pension Plan (CPP) Fund finished up the third quarter with an $8.7 billion increase in assets, bringing the 18 million member plans assets over the $200 billion milestone.
The on-again, off-again Rhode Island pension lawsuit settlement announcement is on again.
The Oregon Investment Council (OIC) has approved two new investment funds for its portfolio, according to the Oregon State Treasurys website.
As the Pennsylvania State Employees Retirement System (SERS) Board begins an internal audit into allegations against its now retiring chief investment officer, up to $185 million in alternative investments was approved by trustees.
Legg Mason independent subsidiary Batterymarch Financial Management told the New Hampshire Retirement System (NHRS) last month that it intends to focus more on quantitative analysis after disclosing turnover within its emerging markets team.
Chicago Mayor Rahm Emanuel tapped a veteran hedge fund and asset management professional to serve as his comptroller.
Along with continuing discussions for a proposed internal money management subsidiary, the Virginia Retirement System (VRS) confirmed that it has committed a hefty allocation to Boston-based Grantham, Mayo, Van Otterloo & Co. (GMO).