Newsmakers

Harvard Endowment Sees 11% Return

The Cambridge, Massachusetts-based university's return in the year to June outpaced its own benchmark, reaffirming its belief in the endowment model of investing.

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.