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OECD: Largest pension funds still slow on infrastructure despite higher alts allocations
trueInfrastructure investing activity remains low among the largest pension funds and public pension reserve funds worldwide, despite increased allocations to other alternative investments, a report from the Organization for Economic Co-operation and Development showed.
Maine Public Employees makes up to $185 million in commitments
trueMaine Public Employees Retirement System made three commitments totaling up to $185 million.
Tax change spurs £9 billion of commitments to U.K. private placements
trueSix money managers and insurers have announced around £9 billion ($14.1 billion) of commitments to U.K. infrastructure and other private placements in the U.K., following a change in tax treatment.
San Francisco City & County dials back proposed hedge fund allocation to 5%
trueSan Francisco City & County Employees' Retirement System Chief Investment Officer William Coaker's controversial plan to invest 15% of the pension plan's assets in hedge funds is dead.
Norway's Government Pension Fund Global weighs expanding into infrastructure
trueNorway moved a step closer to deciding whether its sovereign wealth fund will be allowed to broaden its investments to include infrastructure as part of a strategy to increase returns.
AMP Capital names first global head of infrastructure equity, makes other changes
trueBoe Pahari was promoted to global head of infrastructure equity at AMP Capital.
North Dakota State Investment Board commits to Grosvenor infrastructure fund
trueNorth Dakota State Investment Board committed up to $105 million to an infrastructure fund managed by Grosvenor Capital Management, pending contract negotiations and legal review.
Ares acquires energy infrastructure manager
trueAres Management is acquiring $4 billion energy infrastructure management firm Energy Investors Funds.
Texas Municipal taps Albourne as real-return, absolute-return consultant
trueTexas Municipal Retirement System hired Albourne America as its first real-return and absolute-return consultant.
Hawaii Employees OKs real estate, infrastructure commitments
trueHawaii Employees' Retirement System, Honolulu, approved $105 million total in real estate commitments and a $50 million infrastructure commitment, said Vijoy Chattergy, chief investment officer.
Blackstone's AUM up 15% for the year
trueBlackstone Group's assets under management totaled $284 billion as of Sept. 30, up 1.8% from $279 billion in the second quarter and up 15% from the previous year, the alternative investment firm reported Thursday.
Aviva Investors hires 2 for infrastructure team
trueVeronique Leroy was named head of infrastructure investment services at Aviva Investors, spokesman Steve Ainger said in an e-mail.
Germany's BVK favors buyout, hedge funds
trueGermany’s biggest public pension fund plans to invest more in private equity and hedge funds and reduce its bond holdings as low interest rates curb returns.
Geldof makes case at NAPF conference for new areas of pension fund investment
trueThe case for investing in new markets and asset classes is stronger than ever, given "ridiculous" bond yields, said Sir Bob Geldof, musician, business entrepreneur and political activist.
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.