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Church of England grows U.K. forestland portfolio with £49 million acquisition
trueThe Church Commissioners for England, London, have become the largest private commercial forestry investor in the U.K., with a deal to purchase a £49 million ($76.8 million) forestry portfolio.
AlphaMetrix to pay $5.6 million in penalties, restitution for diverting rebates
trueAlphaMetrix will pay a $2.8 million penalty and an additional $2.8 million in restitution to participants in its commodities trading pool for taking rebates that were to be reinvested into its pools and diverting the assets to AlphaMetrix’s parent company, as part of a settlement approved Tuesday ...
BofA: Managers boost cash holdings, pull back U.S. equity, commodity holdings
trueMoney managers are increasing their cash holdings and reducing allocations to commodities, said Bank of America Merrill Lynch’s monthly fund manager survey.
New Mexico Educational chalks up 2 commitments
trueNew Mexico Educational Retirement Board committed $70 million to two alternative investment strategies.
Airlines take off as oil plunges
trueThe Bloomberg World Airlines index has rebounded sharply from mid-October when global equity markets sold off. Since Oct. 13, the index is up 41.3%, posting a 39% return year-to-date through Dec. 4.
November index returns by major asset class
trueU.S. equities returned 2.4% in November, as measured by the Russell 3000 index. The index gained 2.6% year-to-date through November.
Chicago teachers pension fund puts commodities search on hold
trueChicago Public School Teachers' Pension & Retirement Fund suspended its search for managers to run a total of $200 million in commodities after it selected three finalists as a result of an RFP.
CFTC collects $3.27 billion in sanctions in fiscal 2014
trueThe Commodities Futures Trading Commission collected a total of $3.27 billion in monetary sanctions from enforcement actions in the 12 months ended Sept. 30, the CFTC’s fiscal year.
LACERS taps CoreCommodity for $135 million allocation
trueLos Angeles City Employees' Retirement System hired CoreCommodity Management to run about $135 million in an active long-only commodities mandate.
Farmland returns fall in Q3
trueFarmland returned 1.45% in the third quarter of 2014, down 28 basis points from the previous quarter and down 149 basis points from the third quarter a year ago. It was the lowest quarterly return since the third quarter of 2010.
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.
Harvard endowment returns 15.4% for fiscal year
trueHarvard University's endowment posted a 15.4% return and was valued at $36.4 billion for the fiscal year ended June 30. The return was 82 basis points higher than the 14.6% return of the benchmark policy portfolio.
Oregon 457 plan adds real return option
trueOregon Investment Council, Tigard, added a real return investment option and switched some equity managers for the state's $1.6 billion 457 plan
Oklahoma Law Enforcement collars Gresham for commodities portfolio
trueOklahoma Law Enforcement Retirement System hired Gresham Investment Management as its first commodities manager.
CFTC commissioner appointed CEO at International Swaps and Derivatives Association
trueScott O'Malia was named CEO of the International Swaps and Derivatives Association, the organization announced Wednesday.