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eVestment: Equity strategies post first quarter of inflows in more than 2 years
trueInstitutional equity strategies experienced net inflows for the first time since the first quarter of 2012, eVestment’s quarterly report on global institutional asset flows shows.
Cambridge Retirement System seeks first emerging markets debt manager
trueCambridge (Mass.) Retirement System is searching for an emerging markets debt manager to run about $30 million.
OECD warns European Central bank needs stronger policies to avoid stagnation
trueThe European Central Bank must implement stronger policies if it is to avoid a prolonged period of stagnation, and to prevent unintended effects to other economies, warned the Organization for Economic Co-operation and Development.
Fed minutes show caution over foreign markets
trueSome members of the Federal Open Market Committee remain concerned about slower-than-expected economic growth in the coming months if foreign economies continue to struggle, said minutes from their late Oct. 28-29 meeting released Wednesday.
Manchester Employees eyes bond allocation tweaks
trueManchester (N.H.) Employees’ Contributory Retirement System might increase its allocation to diversified fixed income and lower its allocation to emerging markets debt in 2015, said Gerard Fleury, executive director.
SEC to require backup operational plans for large-volume trading venues
trueThe SEC on Wednesday approved requiring large-volume equity exchanges, alternative trading systems and dark pools to submit to the agency backup operational plans in case those venues' technological systems break down.
Consumer credit defaults tick up slightly in October
trueThe S&P/Experian Consumer Credit Default Composite index ticked up two basis points in October to 1.06%, its third consecutive monthly rise after hitting its all-time low in July.
Federal retirement benefits likely target for GOP
trueFederal employees are bracing for more bad news about their retirement benefits as Republicans prepare to control both chambers of Congress.
Eurozone shows modest growth in quarter
trueThe eurozone economy grew 0.2% in the three months ended Sept. 30, with diverse contributions across member states as fiscal and structural reforms move at different rates.
18 banks sign ISDA rules to delay swaps termination rights
trueNew rules that will delay swaps termination rights and collateral demands were signed by 18 major banks, the International Swaps and Derivatives Association announced Wednesday.
Blackstone Alternative and NWI join for emerging markets fixed income
trueBlackstone Alternative Asset Management and NWI Management launched a joint venture — Blackstone NWI Asset Management — to invest in emerging markets fixed income.
S&P Dow Jones downgrades Morocco to frontier market status
trueMorocco has been reclassified as a frontier market country by S&P Dow Jones Indices, following feedback from market participants.
Finnish pension fund picks Pantheon for €100 million commitment
trueValtion Elakerahasto hired Pantheon to run a €100 million ($124.8 million) commitment to emerging markets private equity.
Weak equity returns sting managers
trueSeveral publicly traded money managers experienced either a decline in assets under management or flat growth during the third quarter, due to weak equity markets.
Risks of clouding priorities
trueAsset owners, institutional investment management firms and the markets are not immune from crises of confidence.