• California Pension System Given $700 Million From Other Funds: California has a $19 billion deficit, and its pension shortfall is massive. In order to mitigate its shortfall, the California state government withdraws $700 million from the state system to fund CalPers, the California Pension Retirement System.
• Ex-Arlington Heights man gets 9 in pension fraud: A former Arlington Heights man and onetime head of a Chicago asset management company faces more than 9 years in prison for fleecing six union pension funds of $24 million and spending the money on gambling and jewelry, among other things.
• Pension overhaul is long overdue: Bezdk proposes pension reform.
• China Pension Fund to Increase Investments Abroad: Chinas national pension fund plans to increase overseas investments in stocks and bonds, including securities in Taiwan, to boost returns as global markets recover from the financial crisis.
• Pension board looks over RFPs: The chiefs of Uniontown's police and fire departments on Wednesday urged the city's pension board to hire a firm where the pension fund actuary they have been dealing with for many years now works. Board members Mayor Ed Fike, Councilman Philip Michael, police Chief Jason Cox and fire Chief Charles Coldren briefly discussed the two requests for proposals (RFP) for pension actuarial services that ...
• Hedge funds rely less on the rich: survey: Hedge funds receive nearly three-quarters of their capital from institutional investors, according to a survey released on Wednesday that shows how these portfolios are no longer reserved for the rich but are investing nest eggs for teachers, firefighters and janitors.
• Calif. pension fund approves state rate increase: The board of the nation's largest public pension system voted Wednesday to demand a higher contribution from California's cash-strapped general fund to pay for government employee pensions.
• Dutch Pension Funds Coverage Falls as Shares, Rates Decline: June 16 (Bloomberg) -- The average coverage ratio of Dutch pension funds continued to decline last month as shares and the long-term interest rate fell, the Dutch central bank said.
• BP's oil spill springs leak in NYC pension funds: David Montalvo - Money invested in BP shares is seeping out of the city's pension funds. Since the Gulf of Mexico oil crisis began, British Petroleum stocks have lost about 40% of their value, which resulted in a loss of an estimated $70 million from New York City's pension funds. The market value of the pension funds' holdings in BP is $110 million as of May 31, 2010, said Michael Loughran ...
• US pension funds sue BP directors over the falling share price: Fifteen directors of BP, including Tony Hayward, the chief executive, and Carl-Henric Svanberg, the chairman, are being sued personally by two US pension funds for their role in the Deepwater Horizon oil disaster.
• Transurbans Sydney Tunnel Bid May Block Canadian Funds Offer: Transurban Group, subject of a takeover offer from two Canadian pension funds, will sell shares to pay for an agreed purchase of Sydneys Lane Cove Tunnel in a transaction that may block its own acquisition.
• Greece holds crisis talks on pension reform: Greek President Carolos Papoulias called crisis talks with the country's main political parties on Monday as the government prepared to unveil a pension reform that is set to unleash a storm of protest.
• Triple A, OGI Ally to Offer Overseas Funds to Japan Investors: May 10 (Bloomberg) -- Triple A Partners Ltd. , a Hong Kong- based provider of start-up capital for hedge funds, and OGI Capital Partners Ltd. are forming an alliance to introduce overseas funds including hedge funds to Japanese investors.
• E.U. To Get Tough With Hedge Funds And Private Equity: The European parliament is expected Monday to approve a draft directive to toughen regulation of hedge funds and private equity firms despite a growing tide of opposition from leading politicians and lobby groups in the U.K. and America, where both industries are clustered.
• After controversy, investment firm offers to return millions to West Warwick pension fund: Town pension board has to decide whether to accept the $3-million investment from Arizona real estate firm

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