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South Dakota Investment Council commits to 2 energy funds
trueSouth Dakota Investment Council made two new energy fund commitments totaling $222 million.
Energy Spectrum Capital closes seventh fund at $1.225 billion
trueEnergy Spectrum Capital closed its Energy Spectrum Partners VII with $1.225 billion, hitting its $1.2 billion hard cap for limited partner commitments and surpassing its $1 billion target.
California state senator seeks to require CalPERS, CalSTRS to divest coal
trueCalPERS and CalSTRS would be required to divest their holdings in companies that produce coal under a bill to be introduced by the leader of the state Senate.
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.
Houston Municipal earmarks $25 million for Riverstone energy fund
trueHouston Municipal Employees Pension System committed $25 million to Riverstone Global Energy and Power Fund VI.
OCERS launches collaborative search for energy market dislocation strategy
trueOrange County Employees Retirement System is searching for a manager to run a portfolio “that can favorably exploit the recent meltdown in global petroleum markets.”
Alaska Permanent Fund makes a total of $1.45 billion in commitments
trueAlaska Permanent Fund Corp. announced four new commitments totaling $900 million in Dec. 10-11 board meeting materials.
Energy sector is tapped out
trueEnergy sector holdings have been slammed since oil began to fall this summer.
Norway panel rejects divestment call for $870 billion fund
trueA government-appointed panel rejected calls for Norway's $870 billion Government Pension Fund Global to sell out of coal and other fossil-fuel producers, arguing active ownership is more effective against climate change.
Shareholders propose that Exxon Mobil return capital to offset climate change risk
trueA shareholder proposal filed Tuesday calls for Exxon Mobil Corp. to return capital to shareholders to protect investor value from potential risk of stranded fossil-fuel assets from climate change disruption.
Maine Public Employees earmarks $260 million to 3 funds
trueMaine Public Employees’ Retirement System made three new commitments totaling up to $260 million.
New Mexico Educational targets $115 million for 3 funds
trueNew Mexico Educational Retirement Board, Santa Fe, made $115 million in commitments to alternative investment funds.
Energy investors cautiously fill up
trueBillions of dollars are pouring into private equity energy funds as oil prices plummet, just one reason some industry insiders say investors should expect lower returns in parts of the oil and gas sector.
New Mexico State Investment Council commits to Blackstone energy fund
trueNew Mexico State Investment Council committed up to $75 million to Blackstone Energy Partners II, an energy fund managed by Blackstone Group.
Ares acquires energy infrastructure manager
trueAres Management is acquiring $4 billion energy infrastructure management firm Energy Investors Funds.