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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 ...
Finisterre chooses head of credit research
trueChristopher Buck joined emerging markets hedge fund manager Finisterre Capital as head of credit research.
Draghi says ECB will purchase assets for at least two years
trueThe European Central Bank will buy assets for at least two years to boost inflation and economic growth in the eurozone.
Managed funds group calls for market reforms
trueManaged Funds Association is calling on federal regulators to consider further structural reforms in equity markets.
TMX names new CEO
trueLou Eccleston was named CEO of TMX Group, operator of the Toronto and Montreal stock exchanges among other Canadian equity, fixed-income and energy trading venues.