US - The Illinois Teachers' Retirement System has doled out $825m to new and existing managers and approved searches for up to six additional hedge fund managers and transition managers.

T. Rowe Price; Association of Tax Technicians; Legal & General Property; Baring Asset Management; Threadneedle Investments; Adrian Lee & Partners; Aon Hewitt; Royal London Asset Management

AUSTRALIA - The A$73.2bn ($78.2bn) Future Fund lost 2.9% in the third quarter, though moves to decrease equity exposures helped stave off more drastic losses.

NORWAY - The Government Pension Fund Global returned -8.8% or -NOK284bn ($52bn) due to stumbling global stock markets, third quarter results show.

Institutional investors with more than $20trn (£12.7bn) in assets are urging global policy makers to create strategies that encourage private sector investment in climate change solutions.

CANADA/US - Teachers' Private Capital, a unit of the C$107.5bn ($106.4bn) Ontario Teachers' Pension Plan, and the $37.3bn Teachers' Retirement System of the State of Illinois have made equity investments to finance company NXT Capital.

US - Kimberly Clark, maker of Kleenex and Huggies, is increasing the pension contribution into its $3bn defined benefit plan by up to $260m because of its decreased funded status.

NETHERLANDS - Dutch telecom company Royal KPN said its pension funding decreased to 96% at the end of the third quarter in 2011, down 12 percentage points from the previous quarter.

IRELAND - Most small Irish pension funds will fund the controversial new pensions levy by reducing member benefits, an Aon Hewitt survey finds.

US - Institutional investment managers believe US equities are undervalued despite many expecting a further decline in US economic growth, a Northern trust survey finds