Defined benefit plans

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  1. Delaware shifts to international equity

    trueDelaware Public Employees’ Retirement System is withdrawing $40 million from an Oaktree Capital Management international convertible securities account and allocating $39 million of it to an international equity fund managed by Sanderson Asset Management.

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  1. Metropolitan District Commission hunting for investment consultant

    trueMetropolitan District Commission, Hartford, Conn., is searching for an investment consultant for its $200 million pension fund.

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  2. SEC should increase board diversity disclosure — public pension funds

    trueNine large public pension funds asked the SEC on Tuesday to require companies to disclose more about their boards’ diversity.

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  3. Aon Hewitt: Canadian pension plans continue to see funding declines

    trueThe median funded status of Canadian defined benefit plans administered by Aon Hewitt was 89% as of Tuesday, down 1.6 percentage points from the end of 2014 and the first time the level fell below 90% since September 2013.

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  4. New Bedford Contributory seeks emerging markets equity manager

    trueNew Bedford (Mass.) Contributory Retirement System is searching for an emerging markets equity manager to run about $20 million.

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  5. Sprint agrees to pay $131 million to settle shareholder suit

    trueSprint Corp. agreed to pay $131 million to settle shareholder claims that company officials made misleading statements, which artificially inflated stock values.

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  6. Texas Municipal selects Courtland as new real estate consultant

    trueTexas Municipal Retirement System hired Courtland Partners as its real estate consultant, pending contract negotiations.

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  7. Hamden Employees looking for fixed income, international equity managers

    trueHamden (Conn.) Employees' Retirement Plan is searching for a core or core-plus fixed-income manager to run about $30 million, and an international equity manager to run about $15 million.

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  8. Canada Pension Plan, U.K. pension funds buy stake in Associated British Ports

    trueA group of U.K. pension funds and the Canada Pension Plan Investment Board, Toronto, will acquire a 30% stake in Associated British Ports.

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  9. Louisiana State Police narrows midcap equity search

    trueLouisiana State Police Retirement System, Baton Rouge, is narrowing an invitation-only search for an active domestic midcap equity manager to run about $20 million.

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  10. Ontario Teachers returns 11.8% in 2014, surpassing benchmark by 170 basis points

    trueOntario Teachers' Pension Plan, Toronto, returned 11.8% on its investments in 2014, above its custom benchmark's 10.1% return, powered by private equity and infrastructure performance.

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  11. Orange County slates $250 million for energy, credit funds

    trueOrange County Employees Retirement System committed $200 million total to four energy-related investments and $50 million to a direct lending fund.

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  12. Austin Firefighters corrals Loomis Sayles for core-plus fixed income

    trueAustin (Texas) Firefighters' Relief & Retirement Fund hired Loomis Sayles to manage $40 million in active core-plus fixed income.

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  13. Quincy Contributory Retirement seeks buyout fund

    trueQuincy (Mass.) Contributory Retirement System is looking to commit $5 million to a large/middle-market buyout private equity fund, said an RFP posted on the website of Meketa Investment Group, the $290 million pension fund’s investment consultant.

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