North America

US - United Parcel Service has issued $1.5bn in bonds to help fund contributions to its pension plan.

When former New York State Comptroller Alan Hevesi pleaded guilty to his part in a pay-to-play scandal, he became the highest ranking scalp taken by state attorney general Andrew Cuomo's investigation into the use of placement agents. Chris Panteli looks...

US - Former political consultant Henry "Hank" Morris, charged as part of New York Attorney General Andrew Cuomo's probe of corruption at the state's pension fund, reached a plea deal with prosecutors, a Manhattan judge said.

CANADA - The Workplace Safety and Insurance Board of Ontario hired State Street to provide custody, accounting, securities lending and investment analytics to C$15bn ($24.3bn) in assets.

CANADA/GERMANY - The Canada Pension Plan Investment Board (CPPIB) has teamed up with LaSalle Investment Management to buy Germany's Hürth Park shopping centre for €157.3m ($219.2m).

CANADA - Canadian pension funds saw assets rise 7.3% over the third quarter, buoyed by rallying global markets, research by RBC Dexia Investor Services shows.

UK/CANADA - The property arm of the Ontario Municipal Employees Retirement System (OMERS) has joined forces with the British Land Company to develop a £340m ($534m) City of London office block.

US - The New York State Common Retirement Fund (CRF) has committed $300m to US private equity firm Blackstone.

US - CIM Group, a Los Angeles real- estate investment manager, agreed to cut fees it charges the California Public Employees' Retirement System, the biggest U.S. government pension, by $50m, the fund said.

CANADA - The Canada Pension Plan Investment Board has purchased a 10% stake in a Toronto toll road, and its holding could increase to 40% if CPPIB's planned acquisition of Intoll Group goes through.