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Fed stops bond buying, stays with federal funds rate near zero
trueThe Federal Open Market Committee’s bond-buying program will end this week, members announced Wednesday at the end of a two-day meeting, citing “substantial improvement” in the labor market outlook and underlying strength in the broader economy.
Home price growth slows in August
trueThe S&P/Case-Shiller 10-City Composite Home Price index rose 5.5% on a year-over-year basis through August. The 20-city composite rose 5.6% over the same period. Both indexes were down from the 6.7% year-over-year growth they posted in July.
New Mexico PERA launches emerging markets debt search
trueNew Mexico Public Employees Retirement Association launched an RFP for an emerging markets debt manager to run a $150 million to $200 million portfolio.
ETP traders not responding to exchange overtures
trueAll too often, exchange-traded products are described as mutual funds that trade like stocks. A closer look reveals that not to be the case. To the surprise of many, ETP traders are comfortable in the dark.
Stamford Firefighters taps Glovista for emerging markets equities
trueStamford (Conn.) Firefighters’ Pension Fund hired Glovista Investments to manage $7 million in active emerging markets equities, said John Beirne Jr., founder and chief investment officer of Beirne Wealth Consulting, the pension fund's investment consultant.
Money managers tame their expectations on the economy, survey shows
trueMore money managers are adopting a moderate outlook on U.S. economic growth, a quarterly survey by Northern Trust shows.
IACPM: Credit default concerns rising outside North America
trueCredit portfolio managers are concerned about credit defaults potentially rising over the next 12 months, but see credit spreads remaining steady over the next three months, said a survey from the International Association of Credit Portfolio Managers.
Long bond yield continues to slide
trueThe yield on 30-year U.S. Treasuries continued to slide Wednesday, hitting an intraday low of 2.67% (a level not seen since August 2012) before rebounding to 2.84%.
French academic awarded Nobel prize in economics
trueJean Tirole, a French academic, was named winner of the Nobel prize in economics for his pioneering analysis of regulatory intervention in markets dominated by a few companies, work that includes analysis of an optimal policy to “jump start” financial markets in a crisis.
Look beyond macro story to find equity returns in frontier markets
trueFrontier markets typically are underdeveloped, with strong prospects for growth and capital market expansion.
GARP managers hold firm on EAFE portfolios despite losses
trueSome global growth-at-a-reasonable price money managers are coping with client losses stemming from underperforming Europe, Australasia and Far East strategies.
Gross: 8%-9% returns 'going to be difficult to achieve' for pension funds
trueWilliam H. Gross on Thursday said investors need to say “bye-bye” to the days of historically high returns, and target returns of as much as 9% for pension funds are “going to be difficult to achieve, especially with rates where they are now.”
Fed sees pickup in economic growth
trueMembers of the Federal Open Market Committee expect faster economic growth in the second half of 2014 and in 2015 under current monetary policy, according to minutes from the September meeting that were released Wednesday.
Louisiana School Employees discusses high yield, EM debt searches
trueLouisiana School Employees' Retirement System might search for emerging markets debt and high-yield managers in 2015.
Appetite for yield is driving demand for real estate, say panelists
trueThe hunt for yield is driving global investors' interest in adding real estate to their portfolios and creating selling opportunities for holders of core property portfolios, said speakers at the Pension Real Estate Association's 24th Annual Institutional Investor Real Estate Conference at the ...