NCPERS News Clips

1/19/2010

News Clips for January 19th, 2010

Below are stories from around the country about public pensions. As a reminder, we encourage you to register for the NCPERS Legislative Conference in February. Click here for more information!

• Update 2- Firms paid $125 mln in feed for Calpers business
  Investment firms paid placement agents more than $125 million in fees to win business at Calpers, including nearly $59 million to a firm led by a former board member of the pension fund, Calpers said on Thursday.
• State Commission to Examine N.C. Employee Retirement Benefits
  State Treasurer Janet Cowell has set up a commission to look at the retirement benefits new state and local government employees in North Carolina should receive.
• Nevada City could roll back public pensions
  Retirement plans for some Nevada City employees are in for a slight dip after private-sector investments, tied to the stock market, tumbled in the recession.
• State Treasurer Optimistic On Public Pensions Reform
  State Treasurer Jeb Spaulding says the state's public pension system needs to be reformed, and he's optimistic that can be accomplished this year.
• U.S. pension fund invests $250 mln with Finisterre
  The giant New York State Common Retirement Fund has invested $250 million with emerging markets manager Finisterre Capital in a further sign pension plans are backing hedge funds despite losses during the credit crisis. The $126 billion fund (NYSCRF), the third largest pension plan in the United States and already an investor with Finisterre, has provided the seed capital for the Finisterre Emerging Markets Fund, a feeder into Finisterre's three existing hedge funds.