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San Francisco City & County earmarks up to $70 million for 3 funds
trueThe San Francisco City & County Employees' Retirement System's board approved commitments to three venture capital funds.
Allstate Investments picks managing director for alts strategies
trueRussell K. Mayerfield was named senior managing director in investments at Allstate Corp., said Maryellen Thielen, spokeswoman.
Former IFC CIO joins Morgan Stanley Alternative Investment Partners
trueDavid Wilton has joined Morgan Stanley Alternative Investment Partners as managing director, said Matt Burkhard, spokesman.
Fortress managing director said to be leaving for role at Softbank
trueRajeev Misra, a former debt trading executive at Deutsche Bank and UBS who joined Fortress Investment Group earlier this year, is leaving for Softbank Corp., according to three people briefed on the move.
PIMCO upheaval opens doors for real assets firms
trueYears of low bond yields got real asset managers talking to asset owners looking for an alternative income source, but William H. Gross' departure from Pacific Management Investment Co. LLC has supercharged the conversations.
New Alan Howard series snags powerhouse speakers
trueWhere can Londoners go to hear the likes of Ben Bernanke and Larry Summers give their views on the economy? To the new heart of the U.K. capital's Jewish community.
Caisse invests in Manulife's new home
trueCaisse de Depot et Placement du Quebec, Montreal, and Manulife Financial reached agreement to build a new home for the combined staff of Manulife and Standard Life Investments' Canadian operations, which Manulife is acquiring.
World Bank seeks investors for infrastructure with new platform
trueThe World Bank is seeking to help developing countries find money for infrastructure projects with a platform that aims to make them attractive to investors such as pension funds.
Woburn, Mass., seeks private equity co-investment
trueWoburn (Mass.) Retirement System is searching for a private equity manager to run up to $5 million.
Drug royalties in a real asset portfolio
trueThe pharmaceutical industry has a strong need to access growth capital for the development and production of blockbuster drugs.
Quebec's Caisse to invest up to $500 million in Mexican real estate
trueCaisse de Depot et Placement du Quebec, Montreal, through its Ivanhoe Cambridge real estate subsidiary, will invest up to US$500 million in mixed-use real estate in Mexican cities.
San Francisco pension fund puts off hedge fund vote
trueSan Francisco City & County Employees' Retirement System, amid a contentious board meeting, again put off a vote Wednesday on whether to allocate 15% of the pension fund's $20.1 billion to hedge funds.
Study shows returns of listed REITs beat other asset classes
trueReal estate investment trusts offered the highest net return of all asset classes for 900 corporate and public defined benefit plans between 1998 and 2011, says a soon-to-be-released study by research firm CEM Benchmarking Inc.
CalPERS gives OK to increase commitments to 3 managers
trueCalPERS' investment committee has cleared the way for the pension fund's private equity staff to make more investments with its three largest private equity partners, Apollo Global Management, Carlyle Group and Blackstone Group, allowing billions of dollars more to go to the private equity giants.
PennPSERS allocates $900 million total to 3 managers
truePennsylvania Public School Employees' Retirement System committed $500 million to BlackRock's Market Advantage II fund, hired Radcliffe Capital Management to run $300 million in a long-only defensive credit strategy and committed up to $100 million to Angelo Gordon's AG Core Plus Realty Fund IV.