Calpers, the largest state pension fund in the US, lost 20 per cent of its assets, or close to $40bn, between July 1 and October 20 this year as a result of the turmoil in financial markets.
The Federal Reserve Board on Tuesday announced the creation of the Money Market Investor Funding Facility (MMIFF), which will support a private-sector initiative designed to provide liquidity to U.S. money market investors.
The Dutch government will buy a new class of securities that count towards INGâ??s core Tier 1 capital but have no voting rights and are not dilutive for ordinary shareholders, ING said on Sunday.
According to a US regulatory filing, Chinaâ??s sovereign wealth fund, China Investment Corp, is planning to increase its stake in Blackstone Group from 9.9 per cent to 12.5 per cent.