US - The California State Teachers' Retirement System (CalSTRS) has been labelled as "high risk" and is expected to run out of money in the next 30 years, a new state auditor report claims.

NEW ZEALAND - More than half (57%) of New Zealanders believe that KiwiSaver membership should be compulsory, according to research released by the Financial Services Institute of Australasia (Finsia).

AUSTRALIA - The HOSTPLUS superannuation fund has awarded Industry Funds Management (IFM) a A$100m (US$104m) active Australian equities mandate.

US - The Oregon Public Employees Retirement Fund has selected the Russell Fundamental US Large Company Index for a new internally managed $500m US equity investment mandate.

The corporate defined contribution market in Europe is set to grow by 11.5% per year to 2014, research by Cerulli predicts.

EUROPE - The corporate defined contribution (DC) market in Europe is set to grow by 11.5% per year to 2014, research by Cerulli predicts.

US - The California Public Employees' Retirement System (CalPERS) has approved a new $200m programme for emerging real estate managers with less than $1bn of assets under management.

CANADA - The Canada Pension Plan (CPP) ended the first quarter of fiscal 2012 with net assets of C$153.2bn (US$154bn), an increase of C$5bn from the previous quarter.

AUSTRALIA - Aviva Investors has sold its Australia business to National Australia Bank's asset management business as part of a restructure within its Asia Pacific operation.

AUSTRALIA - Future Fund has posted a return of 12.4% for the financial year ending 30 June, with the fund's assets under management totalling A$75.15bn(US$77.8bn).