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Coral Gables taps RBC for international equity
trueCoral Gables (Fla.) Retirement System hired RBC Global Asset Management to run $17 million in active international equities.
Australia's Future Fund picks new CIO
trueRaphael Arndt was named chief investment officer of Australia’s A$101 billion (US $93.7 billion) Future Fund.
New partner picked at Avida International
trueSimone Lavelle joined Avida International as a partner in the U.K. office.
trueThe country's economy shrank 0.2% in the second quarter, and its central bank recently cited several challenges to growth.
Asian titans move outside for specialist investments
trueGrowing allocations to alternatives and multiasset strategies have left the sovereign wealth funds and national pension plans that dominate Asia's institutional investor landscape relying more on external money managers to manage their portfolios.
OMERS infrastructure program writes new page in investing
trueWhen OMERS executives closed a $12.5 billion-plus infrastructure co-investment program in June, they raised money not only from large institutional investors, but also from money managers looking to expand their businesses into infrastructure. In this way the C$65 billion pension fund has managed ...
Growth slows for top 300 plans' assets
trueAssets of the world's largest 300 retirement funds increased 6.2% in 2013. That is the fifth year in a row of positive growth for the top 300 funds across the glob, but a slower pace compared with 2012's 9.8% rate, according to our annual survey.
Japan's GPIF reduces bond allocation, increases equities in quarter
trueJapan’s Government Pension Investment Fund on Friday announced that the value of its investment portfolio was 127.3 trillion yen (US$1.23 trillion) as of the June 30 close of its fiscal first quarter.
Sky Investment Counsel closes after largest client withdraws
trueSky Investment Counsel Inc., a global and international equity manager, is closing.
AP2, AP3 reach record asset levels
trueAP2 saw its assets grow to a record 280.3 billion Swedish kronor ($40.3 billion), a 5.9% increase over the six months ended June 30. AP3 also announced a 5.5% increase in assets to a record 272.6 billion Swedish kronor.
Threadneedle taps Samsung AM vet to lead new office in Seoul
trueChris Chan Suk Lee joined Threadneedle Investments in Seoul as Korea chief representative with the London-based firm’s newly opened representative office there.
Alabama Trust Fund taps 4 international equity managers
trueAlabama Trust Fund, Montgomery, hired Artisan Partners Asset Management, Invesco, Lazard Asset Management, and Thompson, Siegel & Walmsley to run an undetermined amount in active international equity.
South Africa's PIC looks to double investments in other African countries
truePublic Investment Corp., South Africa's 1.6 trillion rand ($150 billion) pension fund manager, plans to improve returns by investing to reinvigorate the flagging economy it dominates, Chief Investment Officer Dan Matjila said.
Eastspring Investments names new president/CEO of Japan business
trueTsukasa Sekizaki has been named president and CEO of Eastspring Investments Japan.
ECB calls on BlackRock for design help for ABS purchase program
trueThe European Central Bank hired BlackRock Solutions to provide consulting services for its potential asset-backed securities purchase program.