Virginia Retirement System

A Virginia judge dismissed on Friday a lawsuit filed by Virginia Attorney General Kenneth Cuccinelli against Bank of New York Mellon over claims that it charged the $54 billion Virginia Retirement System excessive foreign-exchange fees.

Virginia Retirement System committed $200 million to the Pritzker Apartment JV.

Blackstone Group has closed the $13.3 billion Blackstone Real Estate Partners VII, making it the largest real estate opportunity fund raised.

Virginia Retirement System, Richmond, hired Lombardia Capital Partners to manage $200 million in active domestic small-cap value equity.

Virginia Retirement System announced several manager hires and commitments totaling more than $1.3 billion at its Wednesday board meeting.

Public retirement systems increasingly are taking a more conservative approach toward return assumptions in light of weak market performance and strapped public budgets.

Virginia Retirement System, Richmond, committed a total of $375 million to three alternatives funds.

State pension plan executives and state legislatures are increasingly turning their attention to retiree cost-of-living adjustments as a way to get immediate and dramatic results in retirement system reforms.

Activist hedge funds pulled in at least $2 billion in new assets from institutional investors over the past two years, with a marked acceleration in pace in the second half of 2011 and so far in 2012.

Virginia Retirement System, Richmond, announced several manager hires and commitments totaling nearly $1.3 billion at its Thursday board of trustees meeting.

Virginia Retirement System, Richmond, committed to Natural Gas Partners and Novak Biddle.