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Orange County commits $175 million to 2 energy market dislocation strategies
trueOrange County Employees Retirement System provisionally committed $175 million to managers for custom credit strategies designed to take advantage of energy markets dislocation opportunities, which are open to other public pension funds for investment.
Texas Teachers commits $2.36 billion
trueTexas Teacher Retirement System, Austin, committed a total of $2.36 billion to 16 private market funds and co-investment vehicles in the quarter ended Dec. 31, a transaction report provided to Pensions & Investments showed.
U.S. oil and natural gas rigs down 8.1% from a year ago
trueThe number of oil and natural gas rigs operating in the U.S. is down 8.1% from a year ago, according to weekly data released by Baker Hughes Inc. As of Friday, 1,633 rigs were operating in the U.S., down from 1,777 a year ago.
Ruble, ruble, oil and trouble
trueIt's natural to wonder if, like the three witches in Macbeth, the year's events are harbingers for additional strife and trouble. However, if one were to heed the negative headlines and "pack it in" for 2015, one is likely to miss the opportunities that currently present themselves as fear ...
Norfolk County Retirement looking for energy private equity manager
trueNorfolk County Retirement System, Canton, Mass., is searching for an energy private equity manager to run about $15 million.
Real estate investors ramping up risk, moving from commingled funds
trueReal estate investors are investing in riskier properties while accepting lower returns and longer periods of illiquidity or lockup periods, said speakers Wednesday at IMN's 12th Annual Winter Forum on Real Estate Opportunity & Private Fund Investing Conference in Laguna Beach, Calif.
Kansas Public Employees charts currency overlay search, commits $240 million
trueKansas Public Employees Retirement System will issue an RFP for a firm to provide currency overlay management services in the second half of 2015.
Pension funds, asset owners file BP shareholder proposal on climate change risk
trueA group of more than 150 global pension funds and other assets owners on Wednesday co-filed a shareholders proposal at BP PLC, calling for the company to assess and manage the risk of climate change on its business, including reforming executive compensation incentives, said members of the ...
NGP closes 11th natural resources fund at $5.3 billion
trueNGP Energy Capital Management closed the $5.33 billion NGP Natural Resources XI at its hard cap.
TCW Group forms new unit to start energy investments again
trueTCW Group is getting back into investing in energy projects and plans to raise new private equity funds to make equity and debt investments in the sector.
Stanford professors call on endowment to divest fossil-fuel holdings
trueMore than 300 tenured professors at Stanford University are calling on the school to divest all fossil-fuel investments in its $21.4 billion endowment.
Winners (and losers) of the oil price drop
trueIncreased volatility as a result of uncertainty about oil prices is something that should have active stock pickers gleeful.
Falling oil prices worry institutional investors
truePension fund executives, money managers and consultants are keeping a close eye on the potential downward pressure on financial markets and institutional portfolios due to recent sharp falls in the oil price.
Carlyle Group's carried interest fund valuations have tepid end to 2014
trueCarlyle Group’s preliminary valuations of the funds from which it earns carried interest increased 1% in the quarter and rose 15% in the year ended Dec. 31, down from an increase of 3% in the third quarter of 2014 and an increase of 19% for the 12 months ended Sept. 30.
Pompano Beach Police & Firefighters taps Center Coast for MLPs
truePompano Beach (Fla.) Police & Firefighters’ Retirement System hired Center Coast Capital Advisors to manage an $11 million master limited partnership portfolio.