North America

CANADA/UK - The Ontario Municipal Employees Retirement System (OMERS) has closed on its previously announced acquisition of V.Group for $520m.

CANADA - Two pension funds have filed a C$6.5bn ($6.5bn) class action lawsuit against China-based timber company Sino-Forest and its auditor Ernst & Young.

CANADA/JAPAN - The Canada Pension Plan Investment Board (CPPIB) and Global Logistic Properties (GLP) have formed a joint venture to invest in the country's logistics network.

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.

CANADA - The Ontario Municipal Employees Retirement System (OMERS) has acquired a 7.4 acre multi-purpose site in Toronto including a conference hall, office space, hotel and parking.

US - Pension funds in Virginia and Florida have become the latest to point a finger at Bank of New York Mellon for overcharging for foreign currency trades and both states filed lawsuits against the bank yesterday.

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.

CANADA/US - The Canada Pension Plan Investment Board has entered the US residential real-estate market with eight separate transactions worth more than $300m.

UK/CANADA/US - The Court of Appeal today heard the final day of argument in the case between the administrators of Nortel and Lehmans and the UK Pensions Regulator.

US - A vote on a Republican bill to raise the US's debt ceiling and prevent it from defaulting for the first time has been delayed.