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West Midlands Pension Fund names 6 managers to list for emerging markets equity
trueWest Midlands Pension Fund, Wolverhampton, England, picked six managers for a pre-approved list to run an unconstrained, long-only emerging markets equities portfolio initially valued at £830 million ($1.3 billion), or about 8.5% of total assets.
QMA raises equity allocations on strong GDP growth forecast
trueQuantitative Management Associates LLC, a unit of Prudential Financial Inc., is raising the weighting of its U.S. equity allocation in its portfolios to as much as 70%, boosted by a forecast of a rapidly accelerating GDP that could lead the Standard & Poor's 500 to rise 12% in total return next ...
MSCI drops Greece down to emerging market status
trueGreece will be reclassified as an emerging market by MSCI, marking the first time the firm has downgraded a developed market to emerging.
CareSuper picks Neuberger Berman for emerging markets equity
trueCareSuper, an A$8 billion (US$7.6 billion) industry superannuation fund, hired Neuberger Berman to manage A$65 million in emerging markets equities.
SEC settles with CBOE over regulatory shortcomings
trueThe Chicago Board Options Exchange will pay a $6 million penalty and implement remedial measures to settle charges announced Tuesday by the SEC that the exchange and an affiliate experienced “systemic breakdowns” in regulatory and compliance functions, including rules to prevent abusive short ...
S&P 500 posts biggest two-day gain since January on jobs data
trueU.S. stocks rose Friday, giving the Standard & Poor's 500 index its best two-day rally since January, after better-than-forecast growth in employment indicated the economy continues to expand.
New Mexico Educational Retirement to look for consultant, picks 3 managers
trueNew Mexico Educational Retirement Board plans to launch an RFP for general investment consultant later this month. The pension fund also hired three managers to run $940 million.
U.S. stocks fall after jobs, factory reports miss estimates
trueU.S. stocks fell Wednesday, sending the Standard & Poor's 500 index to a one-month low, as jobs and factory data missed estimates and investors speculated whether the Federal Reserve will taper bond purchases.
EMPEA gets new president and CEO
trueRobert W. van Zwieten was named president and CEO of the Emerging Markets Private Equity Association.
Rate spike could skewer stocks, too
trueStock investors may have as much to worry about as bondholders when it comes to rising interest rates.
trueCentral securities depositories can leverage their securities management expertise as well as technology to support securities lending and repurchase agreements.
Casey Quirk: U.S. investors will dump $1 trillion of bonds in next few years
trueU.S. investors will pull an estimated $1 trillion — or 13.5% of U.S. assets professionally managed in fixed income — out of core, core-plus, government and fixed-income index funds over the next three to five years because of fears over rising interest rates, according to Casey, Quirk & Associates.
Japan's Nikkei plunges another 5.2%; market watchers see healthy correction
trueJapan's Nikkei 225 stock index tumbled 5.2% Thursday to 13,589.03, bringing the market's retreat from last week's closing high to 13%. Market watchers say they're more inclined to see a healthy correction than an end to Japan's bull market.
Overseas investments notch solid growth for year
trueInternational investments rose a solid 17% to $1.533 trillion at year-end 2012, according to Pensions & Investments' annual survey of the largest money managers of U.S. institutional assets.
First-quarter net inflows into emerging markets hedge funds exceed previous two-year total by a wide margin
trueEmerging markets hedge funds saw $1.82 billion of net asset inflows during the first quarter of 2013, according to data released Wednesday by Hedge Fund Research. The total for the quarter is 60% higher than the total amount of net inflows such funds had over the previous two years. Net inflows ...