North America

US - The California State Teachers' Retirement System will looks at ways to increase the use of internal asset management, particularly in its US$70.7bn global equities portfolio, and will conduct a "deep dive" of its private equity portfolio that could...

CANADA - The Ontario Municipal Employees Retirement System will increase its contribution rate over the next three years in an attempt to tackle its growing pension deficit.

US - The New York State Common Retirement Fund has hired The Rock Creek Group to run the first mandate in its new emerging managers hedge fund programme, and said a new emerging managers real estate programme is in the works.

US - Barr Rosenberg, chairman of AXA Rosenberg, and Tom Mead, head of research, both co-founders, have resigned after an investigation into the reporting of a coding error found the two did not follow firm protocol.

US - Emerging markets specialist Gramercy has hired the former co-heads of JP Morgan Asset Management's emerging markets debt group to launch new strategies focused on the asset class, Gramercy said.

CANADA/UK - A Canadian court has once again prevented UK-based The Pensions Regulator from issuing a warning notice to recover £2.1bn (US$3.1bn) from Nortel Networks in Canada.

GLOBAL - The International Corporate Governance Network (ICGN) called on G20 leaders gathered in Toronto at the weekend to strengthen shareholder rights in the aftermath of the global financial crisis.

BP has been sued by a former employee over losses to the company's retirement plan caused by the Gulf of Mexico oil spill.

US - Research Affiliates has partnered with Russell Investments to launch a range of fundamental indices in a move that could help it increase its foothold in the US market, Global Pensions has learned.

NETHERLANDS/CANADA - Stichting Pensioenfonds ABP (ABP) and Ontario Municipal Employees Retirement System (OMERS) have launched an investment programme which will allocate €200m (US$246m) in Dutch and Canadian start-up companies.