Defined benefit plans
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San Antonio Fire & Police goes with 2 managers
trueSan Antonio Fire & Police Pension Fund hired Attucks Asset Management as a manager of emerging managers.
Stockton bankruptcy plan approved with no pension cuts
trueStockton, Calif., won court approval of its plan to exit bankruptcy by paying bond investors pennies on the dollar while fully protecting public-worker pension benefits, in a case that has been watched by other cities in the state facing heavy retiree costs.
Chicago Policemen's pension fund to launch hedge fund-of-funds search
trueThe $4 billion Chicago Policemen’s Annuity & Benefit Fund will issue a search for a multistrategy hedge funds-of-funds manager.
Insolvency rate slowing for U.K. companies with pension funds — report
trueThe insolvency rate of sponsoring employers with defined benefit plans that are eligible for inclusion in the U.K. Pension Protection Fund fell sharply over the nine months ended March 31.
Oklahoma State Regents approves 2 alternatives commitments
trueOklahoma State Regents for Higher Education approved a total of $14 million in alternatives commitments.
PennSERS moving $200 million to real estate, private equity funds
truePennsylvania State Employees’ Retirement System committed up to $200 million to four alternatives funds.
Northern Trust institutional universe loses ground in third quarter
trueCorporate defined benefit plans edged out public pension plans and endowments and foundations in a quarter that saw weak performance overall, Northern Trust data shows.
London Borough of Camden signs Harris for unconstrained global equity
trueLondon Borough of Camden Pension Fund hired Harris Associates to run an unconstrained global equity allocation.
InvestorForce universes drop 1.1% in third quarter
trueInvestorForce Plan Universes funds posted a median net return of -1.14% in the quarter ended Sept. 30. The median return gross of fees in the quarter was -1.03%.
Essex County Council taps Alcentra for illiquid debt strategy
trueEssex County Council Pension Fund, Chelmsford, England, hired Alcentra to manage a long-only, multi-illiquid debt portfolio.
Ohio Police & Fire earmarks $230 million for 4 funds
trueOhio Police & Fire Pension Fund made four new commitments totaling up to $230 million.
Illinois Teachers' Retirement System, Springfield, will not terminate...
trueIllinois Teachers' Retirement System will not terminate any of the nine strategies managed for it by PIMCO, but likely will keep the company on its watchlist.
New Mexico Educational looking for firm to conduct internal audit
trueNew Mexico Educational Retirement Board, Santa Fe, is searching for a firm to perform an internal audit.
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.
Chicago Laborers lines up international equity search
trueChicago Laborers’ Annuity & Benefit Fund plans to issue an RFP for an international equity manager.