US - The Ontario Teachers' Pension Plan and Jana Partners have called for McGraw-Hill, owner of ratings agency Standard & Poor's, to be carved up into four units to keep S&P from infecting the rest of the business.

CANADA - The Caisse de dépôt et placement du Québec has returned 3.6% in the first half of the year bringing total assets to C$157.9bn ($160.6bn), but officials showed caution over the state of the economy going forward.

ASIA - ING Investment Management Asia's CIO believes the yuan will become a reserve currency within the next two years driven by the ongoing debt problems in Europe and the US.

US - The Ohio Public Employees Retirement System (OPERS) has appointed Karen Carraher executive director of the $76bn scheme.

UK/US - Mercer has promoted Michael Dempsey to head up its investment management business for Europe, Middle East and Africa, replacing Tom Murphy who will take on a similar role in the US.

US - Fitch Ratings has downgraded New Jersey's debt rating in large part because of its swelling pension funding needs.

US - The New Mexico Educational Retirement Board has reaped second quarter returns of 1.2%, outlined commitments worth $675m made in Q2 and provided details of search activity going forward.

US - Boyce Greer, head of institutional investments for Fidelity Asset Management and vice chairman of Pyramis Global Advisors, died on Sunday in a kayaking accident in Idaho.

AUSTRALIA - The Future Fund has completed its sell-off of telecommunications company Telstra and said it earned A$9.37bn ($9.8bn) through dividends and share sales since the government transferred the shares to the fund in 2007.

NORDICS - Nordic investors are continuing to show optimism in hedge funds with nearly a third planning to increase their exposure this year to strategies like global macro, event driven and long/short funds, a new report shows.