Iowa to discuss INVESCO status

The Iowa Public Employees' Retirement System, Des Moines, likely will discuss at its board meeting on Thursday the status of INVESCO because of allegations of mutual fund market timing, said Michael L. Fitzgerald, Iowa state treasurer and member of the investment board for the $15.8 billion fund. INVESCO Realty Advisors manages $225 million in a real estate separate account for the system. INVESCO Funds Group was named in two lawsuits on Tuesday.