Newsmakers

Chief of New Mexico Pension Resigns

Bruce Malott, the chairman of New Mexico's educational pension fund, resigned after a disclosure that he borrowed $350,000 from the father of a man who shared in as much as $22 million in finder’s fees from state investments.

Amid Bribery Scandal, Suspended Top Investment Officer Leaves CalPERS

A civil lawsuit against CalPERS alleges that placement agent Al Villalobos attempted to "bribe" Shahinian in 2007 by flying him via private jet to New York to attend a fund-raiser honoring Apollo Management LP founder Leon Black -- a month later, Shahinian recommended an investment in Apollo from CalPERS, the suit alleges.

Illinois TRS May Sell Up to 10% of Investment Portfolio

Unless lawmakers find a solution for the financially-strapped state to make its pension contributions this fiscal year, the $33.1 billion Illinois Teachers' Retirement System will be forced to sell investments to cover benefits.

CPPIB Invests $329 Million in Aussie RE Fund

As part of its latest bid to acquire new Australian assets, the Canada Pension Plan Investment Board says it is providing hundreds of millions of dollars in financing to a restructured Australian retail property fund.

NYSE Confirms Price Reporting Delays That Contributed to the Flash Crash

ai5000's Joe Flood digs into the causes of the May 6th Flash Crash — when nearly 1000 points mysteriously disappeared from the market in a matter of minutes — and unearths internal analysis leaked from a Bank That Shall Not Be Named, surprising new data from the market research firm Nanex, and a first-time admission from the NYSE: that there were significant price reporting delays on May 6th, delays which contributed to the Crash.

Canadian Pensions and Others Compete for UK Rail Bid

A consortium that included Borealis, the infrastructure investment arm of Canada's Ontario Municipal Employees Retirement System (OMERS), and at least two other groups are gearing up to bid for Britain's only high-speed rail link -- High Speed 1, or HS1 Ltd.

Rumors Swirl Around Potential SDCERA CIO Insourcing

While reports have the San Diego County Employees Retirement Association considering a move towards internalizing their asset management, current outsourced CIO Lee Partridge denies he is considering the move.