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New Jersey plans searches in at least 4 asset classes
New Jersey Division of Investment, Trenton, plans to search in fiscal year 2014 for more high-yield, emerging markets, private equity and real estate managers, and possibly a hedge funds-of-funds manager focused on small global macro and managed futures managers.
Ohio PERS commits to HgCapital private equity fund
Ohio Public Employees Retirement System committed $200 million to HgCapital 7.
Pennsylvania Municipal looking for U.S. large-cap growth equity manager
Pennsylvania Municipal Retirement System is searching for an active domestic large-cap growth equity manager to run about $120 million.
University of Michigan picks Clifton Group for overlay, makes 2 alts commitments
University of Michigan hired the Clifton Group to provide a derivatives overlay strategy on the university's $8.4 billion long-term endowment pool and committed $36 million in two alternative investment strategies.
New Jersey makes $801 million in alternative investments or commitments
New Jersey Division of Investment, Trenton, which manages investments for the $75.3 billion New Jersey Pension Fund, will invest or commit up to $801 million in five alternative investment funds.
CalSTRS looking for real estate portfolio manager
California State Teachers' Retirement System is seeking a real estate portfolio manager, according to a posting on the $163.7 billion pension fund's website.
LACERA picks Heitman, Clarion and Stockbridge for real estate
Los Angeles County Employees' Retirement Association, Pasadena, Calif., committed $200 million each to Heitman, Clarion Partners and Stockbridge Capital Group for real estate separate accounts, said John McClelland, principal investment officer-real estate at the $41.7 billion pension fund, in an
Oklahoma Police Pension commits $20 million to Cerberus fund
Oklahoma Police Pension & Retirement System, Oklahoma City, committed $20 million to Cerberus Institutional Real Estate Partners III.
ING not a bellwether for asset manager IPOs
Money manager IPO activity should be strong this year, despite the pricing of the May 2 ING U.S. initial public offering below its initial range.
$9 trillion market not many institutions know about
Pending Basel III regulations could move trade finance and its $9 trillion market into the sights of institutional investors.
PineBridge Investments adds CIO for Middle East, North Africa and Turkey
Wael Aburida has joined PineBridge Investments as chief investment officer, leading its Middle East, North Africa and Turkey team.
Holyoke Retirement System on lookout for private equity manager
Holyoke (Mass.) Retirement System issued an RFP for a private equity firm to manage $8 million to $12 million.
Illinois SURS searching for general, real estate investment consultants
Illinois State Universities Retirement System issued an RFP for general investment and real estate consulting services for its $14.9 billion defined benefit plan and $1.2 billion 401(a) plan.
Managed futures funds gain 3.5% in April, lead all hedge fund strategies year to date through April
Index data released Wednesday show managed futures funds rose 3.5% during the month - the most of any substrategy in the Dow Jones Credit Suisse Hedge Fund index. Year to date, managed futures funds are up 7.29%, 87 basis points higher than long/short equity funds and 107 basis points higher than
Seattle City Employees selects AEW, Heitman for core real estate
Seattle City Employees' Retirement System hired AEW Capital Management and Heitman to manage core real estate strategies,