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07:49 PM, Sep. 02, 2010
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Top Stories

  • Arizona Public Safety Seeks Global Bond Managers
    08/20/2010

    The $6 billion Arizona Public Safety Personnel Retirement System is slated to seek managers for a combined $200 million international developed markets and sovereign debt allocation.

  • Connecticut Eyes Additional Small-Cap Searches
    08/20/2010

    Connecticut State Treasurer Denise Nappier, principal fiduciary for the $21.9 billion Connecticut Retirement Plans and Trust Funds, will consider managers for small- to mid-cap core and small- to mid-cap value mandates later this year, according to a spokeswoman.

  • Kentucky Shaking Up Asset Allocation
    08/20/2010

    The $10 billion Kentucky Retirement System's investment committee has recommended reducing total equity to 44% from 57% to fund investments in hedge funds, real assets and bonds.

  • Wyoming Wants Global TAA Managers
    08/20/2010

    The $5.6 billion Wyoming Retirement System is looking for global tactical, risk parity and global macro hedge fund managers to oversee a $560 million global tactical allocation (GTAA) mandate, said CIO Trent May.

  • 2010 Asset Management Consultant Relations Survey
    08/10/2010

  • OPERS Seeks Long-Short Managers
    08/06/2010

    The $68 billion Ohio Public Employees Retirement System has launched a search for active extension managers to invest in 130-30 style funds composed of large-cap U.S. equities.

  • Consultants Tout Illiquid Assets, Emerging Markets for 2011
    08/06/2010

    Consultants are saying plan sponsors should look to put their money into illiquid strategies and emerging markets in the next fiscal year.

  • Timber Standing Tall Again
    08/06/2010

    After a dip in 2009, timber is once again drawing the interest of institutional investors due to its generally steady returns and counter-cyclical qualities.

  • Will HF Rush Undermine Returns?
    08/06/2010

    Consultants are warning against potential overcrowding in the hedge fund market as pension funds plow into the space looking to boost their investment returns in the face of funding shortfalls.

  • OPERS Betting Big On Small Caps
    07/23/2010

    The $68 billion Ohio Public Employees Retirement System is in the market for four to seven active long-only U.S. small-cap equity managers.

  • Milwaukee Hires Real Estate Managers, Seeks PE Manager
    07/23/2010

    The $1.7 billion Milwaukee County Employees' Retirement System has decided to hire American Realty Advisors, UBS and Morgan Stanley to manage $120 million in real estate investments, confirmed ERS manager Gerald Schroeder.

  • Pensions Make Play For Emerging Managers
    07/23/2010

    Public plan sponsors are stepping up their game when it comes to hiring emerging managers.

  • Oklahoma Pursues Real Estate
    07/23/2010

    The $8.5 billion Oklahoma Teachers Retirement System plans to allocate $425 million to core and core-plus real estate through reductions in its $5.9 billion equity portfolio.

  • Deloitte's Krentzman Sounds Off On Reform
    07/22/2010

    After many months of winding its way through the halls of Capitol Hill, The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) was last Wednesday finally signed into law by President Obama. The bill touches almost every corner of finance, and many believe it is the harbinger of a sea-change for the financial services industry, depending on how pursuant regulations are written.

  • Consultants Offer Advice To Beleaguered Firms
    07/09/2010

    AXA Rosenberg has lost in excess of $20 billion in client assets since the year began, more than $600 million of which walked out the door after the firm admitted a coding error in its investment algorithm in April (MML Daily, 4/26).

  • Neuberger Berman On Hiring Spree
    07/09/2010

    Neuberger Berman has made several hires this year and plans to continue to recruit and expand opportunistically to maintain its global reach.

  • Mercer Eyes Mezzanine Debt
    06/17/2010

    Consultants at Mercer see an investment opportunity in middle market mezzanine debt and are evaluating managers that handle the class.

  • Managers Pitch Hedge Fund Replication Strategies
    06/10/2010

    Asset management firms are putting a shine on hedge fund replication strategies to attract pension funds' and other institutional investors' interest.

  • The Chinese Are Coming!­ But They Need Help
    06/10/2010

    Small and medium Chinese companies have a hard time getting listed on Chinese stock exchanges and increasingly want to be listed in the U.S.

  • Pensions Flee Chase
    05/14/2010

    Chase Investment Counsel has lost almost half its assets under management after management departures and a run of bad performance.

  • SF To Tender $325 Mln Int'l Small-Cap
    05/12/2010

    The board of the $13.5 billion San Francisco Employees Retirement System has terminated AXA Rosenberg from a $325 million international small-cap account, making it the latest client to cut AXA Rosenberg loose.

  • CalPERS Mulls Consultant-Pool Expansions
    05/11/2010

    The $207.4 billion California Public Employees Retirement System’s Investment Committee will recommend 32 real estate consultants for the fund’s “spring fed” pool at its May 17 meeting.

  • San Antonio Moves Closer To Real Assets Allocation
    05/10/2010

    The $1.8 billion San Antonio Fire and Police Pension Fund is slated to discuss a $90 million allocation to real assets such as commodities, infrastructure, oil and gas at its May 25 meeting.

  • Milwaukee May Seek $200m F.I. Manager
    05/07/2010

    The $4.1 billion Milwaukee City Employees Retirement System may be in the market for a fixed-income manager soon to handle a $200 million mandate.

  • New Mexico May Award Up To $500 Million This Year
    05/05/2010

    The $11 billion New Mexico Public Employees Retirement Association has terminated Rothschild Investment Corporation for poor performance and a recent change in investment strategy and will seek a smid-cap growth manager next month to handle a $200 million mandate.

  • Texas Teachers Tap Neuberger To Manage MBS Mess
    04/30/2010

    The $94 billion Teacher Retirement System of Texas has hired Neuberger Berman to run a $1.2 billion residential mortgage-backed bonds allocation.

  • Consultant Searches Outpacing Previous Years
    04/30/2010

    Institutional investors are reviewing their consultants at a faster clip so far this year than during the same period in at least the last four years.

  • Fresno City Seeks Active Large-Cap Core Manager
    04/29/2010

    The investment committee of the $1.8 billion City of Fresno Retirement Systems plans to discuss launching a search for an active large-cap core manager at a meeting on April 30.

  • Florida To Review External, Internal Management
    04/21/2010

    The $118 billion Florida State Board of Administration is slated to review its policy on internal and external managers at its June 7 meeting.

  • Canadian Fund Nixes Balanced Approach, Seeks Managers
    04/20/2010

    The $145 million Retirement Benefit Plan for the Employees of the City of St. John’s, Canada, has issued an RFP to replace its balanced fund managers with individual mandates.

  • Houston Muni Seeks Hedge Funds, Exec Search Firm
    04/16/2010

    The $2 billion Houston Municipal Employees Pension System is seeking eight to 10 hedge fund managers for a $200 million mandate.

  • San Bernardino Targets Long/Short Equity Managers
    04/16/2010

    The $5.1 San Bernardino County Employees Retirement Association has issued a request for proposals for six long/short equity hedge fund managers to manage approximately $150 million.

  • Underfunding Overwhelms Funds
    04/16/2010

    The underfunded status of employee pension funds is forcing them to make hard choices regarding strategies needed to close the gap.

  • Are Quant Shops Poised For A Comeback?
    04/15/2010

    Quantitative investment shops are seeing signs of renewed investor interest now that the worst of the financial crisis is over, some investment consultants claim.

  • Corporate Pensions Are Hot For Bonds
    04/15/2010

    Even as the U.S. equities markets bask in the afterglow of one of their greatest rallies ever, corporate pension plans are moving to sell equities and buy bonds with growing zeal this year in an attempt to reduce volatility and the disparity between assets and liabilities.

  • Public Plans Target Hedge Funds
    04/01/2010

    More public funds are plowing money into hedge funds in an effort to make up for funding shortfalls and protect their portfolios from further dips in the market.

  • Texas Employees Seeks Real Estate Emerging Manager
    03/31/2010

    The $21 billion Employees Retirement System of Texas has issued a request-for- qualifications for a private equity real estate fund-of-funds emerging manager for a $50 million mandate.

  • Cal To Pump Up To $3B Into Real Assets, EM
    03/26/2010

    The $36.5 billion University of California Retirement System will slash its domestic equity portfolio by $3 billion to fund allocations to real assets, such as natural resources, infrastructure, agriculture, farmland, commodities and real estate.

  • Arizona State To Liquidate TCW Fund
    03/23/2010

    The $24 billion Arizona State Retirement System is in discussions with TCW and will most likely liquidate $100 million of its investment in TCW’s Credit Opportunity Fund.

  • Mercer Pushes Global REITs
    03/23/2010

    Michelle Reuter, a researcher on global real estate securities investment managers with Mercer's Research Real Estate Boutique in Chicago, is making the argument that institutional investors should invest in global real estate securities, and advising them to watch for attractive investment opportunities she believes are en route.

  • Michigan Muni Mulls Emerging Debt Move
    03/19/2010

    The $5.5 billion Michigan Municipal Employees Retirement System is considering plowing as much as $275 million of the fund's assets into emerging market debt.

  • American Airlines Sees Blue Skies Over Emerging Markets
    03/18/2010

    The $7 billion American Airlines Employees Pension Fund plans to increase its emerging markets equity portfolio to as much as 10% of total assets from 5% currently over a five-year period.

  • N.Y. Common Fund Launches Alts Emerging Manager Program
    03/16/2010

    The $129 billion New York State Common Retirement Fund has launched an initial $200 million emerging manager program for hedge funds and plans to develop an emerging manager program for real estate in the near future.

  • NYC Seeks Passive U.S. Equity Manager
    03/10/2010

    The $96 billion New York City Retirement Systems has issued an RFP for passive domestic equity index managers, with mandates from $150 million to $12 billion in the offing.

  • San Diego To Overhaul Portfolio
    03/04/2010

    The $7 billion San Diego County Employees Retirement Association is expected to approve a new asset allocation on March 18, putting mandates worth $2.7 billion up for grabs.

  • Santa Barbara Considers Large-Cap, VC Searches
    03/04/2010

    The $1.63 billion Santa Barbara County Employees Retirement System will discuss launching a search for a manager for a $139.9 million large-cap growth mandate at its March 24 meeting.

  • N.Y. State Common Cuts Equity Managers
    03/04/2010

    The $129.4 billion New York State Common Retirement Fund has terminated domestic and international equity managers, relieving them of $864 million in total.

  • Indiana PERF, Dallas Police Collect Awards
    03/01/2010

    The Indiana Public Employees Retirement Fund won the Large Public Plan of the Year award at MML’s 9th Annual Public Pension Fund Awards for Excellence ceremony and dinner at the Hyatt Regency Resort & Spa in Huntington Beach, Calif., Sunday.

  • Funds Scrutinize Managers' Compliance
    02/19/2010

    Due diligence requests from institutional investors looking at asset management firms are focusing more closely on compliance issues.

  • More Investors To Pull Out Of TCW
    02/16/2010

    Several plans are giving up on TCW's Special Mortgage Credit Funds I and II after the firm refused to let them transfer their holdings to another manager, presumably Jeffrey Gundlach at DoubleLine Capital LP.

  • San Jose Eyes Real Assets, Opportunistic Strategies
    02/11/2010

    The $1.6 billion San Jose Federated City Employees Retirement System has approved a 10% allocation to real assets, a 5% allocation to hedge funds and another 5% allocation to opportunistic strategies.

  • San Francisco Seeks Passive Bond Manager
    02/10/2010

    The board of the $13.2 billion San Francisco Employees Retirement System is looking for a fixed-income index manager for a $50-500 million mandate.

  • Calif. Fund Seeks Int'l Small-Cap Manager
    02/05/2010

    The $4.6 billion Alameda County Employees Retirement Association has carved out 10% of the pension's 23% international equity portfolio to be dedicated to small-cap equities.

  • MassPRIM Eyes International Timber Managers
    02/05/2010

    The $42.7 billion Massachusetts Pension Reserves Investment Management Board voted to allocate $150 million to international timber investments in the coming year at its Feb. 2 board meeting.

  • Consultant, Funds Ditch Cap Guardian
    02/05/2010

    Ennis, Knupp & Associates has booted Capital Guardian Trust Co. from its list of approved managers for lagging performance, the Ventura County Employees Retirement Association is looking to replace the manager for a $100 million international equity mandate and Alameda County Employees Retirement Association plans to reduce the fund's international equity mandate to $423 million from $476 million.

  • California Counties Eye Bond Searches
    01/22/2010

    The Santa Barbara County Employees Retirement System, the Kern County Employees Retirement System and the Sonoma County Employees Retirement Association are looking to invest in a variety of fixed-income strategies this year.

  • San Diego Plans Global Bond Manager Search
    01/22/2010

    The $4.3 billion San Diego City Employees Retirement System will vote on whether to seek active managers for a $260 million global fixed income mandate at its Jan. 21 meeting.

  • Ennis, Knupp Recommends Axing TCW
    01/08/2010

    Ennis, Knupp & Associates is advising all clients with fixed-income exposure to TCW to terminate the manager.

  • PERSI's Maynard Gets Lifetime Achievement Award
    01/08/2010

    Robert Maynard, cio of the Public Employee Retirement System of Idaho, has won MML's Lifetime Achievement Award for his thorough approach to investment strategy, achieving strong performance for the fund and helping guide peers and managers throughout the industry.

  • Oregon Eyes Private Equity In Europe, Asia
    01/07/2010

    The Oregon Investment Council, which manages investments for the $55 billion Oregon Public Employees Retirement Fund, will soon vote on committing $300 million to small- and mid-sized private equity managers in emerging markets this quarter.

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