The $129 million Manchester (N.H.) Employees' Contributory Retirement System plans to increase its private equity and commercial real estate investments to their target levels, says executive director Gerry Fleury.
The $20.5 billion Iowa Public Employees Retirement System has placed BlackRock on watch for performance.
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.
The $22.5 billion Nevada Public Employees' Retirement System will reevaluate its $3.2 billion international equity portfolio over the next three months.
The $1.7 billion Santa Barbara County (Calif.) Employees Retirement System has picked Eagle Asset Management to run an approximately $40 million small-cap growth portfolio.
The $310 million New Orleans Employees’ Retirement System will most likely retain The TCW Group as a fixed-income manager of a $30-35 million account.
The $21 million Anniston (Ala.) Policemen’s and Firemen’s Retirement Fund is looking for a manager to oversee a $4 million large-cap growth allocation that is currently managed by Lymnar Capital Group.
The $12 billion Kansas Public Employees Retirement System has selected a manager for a $480 million core-plus investment grade fixed-income mandate, according to Robert "Vince" Smith, cio.
The $385 million Pittsburgh Municipal Pension Trust Fund has chosen Clifton Group to invest $15-20 million of the fund’s pension payment cash reserves.
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.
The board of the $438 million City of Austin Police Retirement System has approved a $10 million mandate award to Guidance Capital for a commodity hedge-fund-of-funds investment.
The 1.18 billion Anne Arundel County (Md.) Retirement System is considering increasing its $30 million allocation to portable alpha and putting a portion of its portfolio into emerging market debt.
Alameda County (Calif.) Employees Retirement Association plans to issue an RFP for an international small-cap value equity manager in mid April, according to fund documents.
The $1.36 billion Pennsylvania Municipal Retirement System plans to issue a request for proposals for a large-cap growth manager in late spring or early summer.
The $2.5 billion Kern County Employees Retirement Association has stopped its search for an enhanced core bond index manager, and cut the category from its fixed income structure.
The $45.7 billion Pennsylvania’s Public School Employees’ Retirement System (PSERS) is shifting its asset allocation toward alternatives, after voting to adopt recommendations from its finance committee and investment consultant, Wilshire Associates.
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.
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.
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.
The following directory includes search and hire activity from iisearches for the two weeks ending Wednesday, Nov. 11.
The $30.6 billion Los Angeles County Employees Retirement Association voted to issue requests for information to predetermined managers for a currency hedging mandate valued at $3.8 billion and an opportunistic credit mandate for $315 million at its Oct. 14 meeting.
The following directory includes search and hire activity from iisearches for the two weeks ending Wednesday, Oct. 14.
The $4.3 billion Alameda County Employees Retirement Association has slated a search for a domestic small-cap value manager at its board meeting last week.
The $7 billion New Mexico Educational Retirement Board has hired GoldenTree Asset Management to oversee a $50 million mandate in a collateralized loan obligations fund.
The $2 billion San Jose Police & Fire Retirement Plan has decided to adopt an asset allocation with a new 10% target to Treasury Inflation-Protected Securities, 10% to long bonds and doubling its real asset exposure to 10%.
The pension board of the $384 million Knoxville City (Tenn.) Employees Pension Fund plans to vote on potential equity and bond searches at its November meeting.
The $190.4 billion California Public Employees Retirement System will start shopping for a new investment consultant in November.
The $47.9 billion Minnesota State Investment Board is creating a new portfolio for the Voluntary Statewide Volunteer Firefighter Plan, a voluntary retirement plan for firefighters.
The $47.9 billion Minnesota State Investment Board has voted against participating in the Public-Private Investment Program, after first approving an allocation of up to 1% of the portfolio.
The investment committee of the $8.2 billion Los Angeles City Employees Retirement System is discussing with its advisor Pension Consulting Alliance how to implement a real return allocation.
The Metropolitan Government of Nashville and Davidson County has issued an RFP for a general consultant for the $1.8 billion Metropolitan Employee Benefit System.
The $4.5 billion San Bernardino County Employees Retirement Association has terminated Capital Guardian's $80 million international equity mandate at its Oct. 13 meeting.
The $2.2 billion Fresno (Calif.) County Employees Retirement System has terminated Brandywine Global Investment Management from a $100.5 million small-cap value mandate and reinvested the money in State Street Global Advisors' small-cap value index fund at an Oct. 7 meeting.
The $13 billion Alaska Retirement Management Board has hired funds of hedge funds GAM and Prisma Capital Partners to share the portfolio with Alaska’s three other fund of funds.
The $11 billion Nebraska Investment Council is discussing investment opportunities in private equity.
The $1.1 billion Arlington County (Va.) Employees Supplementary Retirement System will consider replacing small-cap manager OFI Institutional Asset Management or hiring a second manager at its meeting next month.
The $4.5 billion Sacramento County Employees Retirement System will meet with Invesco this week to discuss a possible $150 million investment in the Public-Private Investment Partnership program.
The $64.6 billion Washington State Investment Board, which oversees $47.4 billion in DB pension assets, is slated to approve two investments in Oaktree Capital Management’s private equity funds at an upcoming meeting.
The investment committee of the $10 billion Kansas Public Employees Retirement System plans to add timber to its real return portfolio.
The $2 billion Baltimore County Employees Retirement System is looking for managers to oversee a combined $15 million in private equity mandates.
The board of the $2.7 billion Kern County Employees Retirement Association has approved termination of The Clifton Group’s policy implementations overlay service.
The $20.4 billion Connecticut Retirement Plans and Trust Funds plans to split $200 million between AllianceBernstein, Invesco and W.L. Ross & Co., Marathon Asset Management and Wellington Management Co. in order to participate in the Public-Private Investment Program.
Pension plans are expected to put more money into alternatives strategies as they are poised to deliver strong returns when the market recovers, according to a Banc of America Securities-Merrill Lynch research report.
The $850 million Tallahassee Pension Plan will consider putting as much as $90 million into a green real estate fund next month.
The following directory includes search and hire activity from iisearches for the two weeks ending Wednesday, Sept. 2.