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Chicago Laborers lines up international equity search
trueChicago Laborers’ Annuity & Benefit Fund plans to issue an RFP for an international equity manager.
Norway's Government Pension Fund Global reports flat returns for Q3
trueExposure to European equities hindered returns at Norway's Government Pension Fund Global for the quarter ended Sept. 30, while U.S. stocks emerged as the top performer.
Consultant Kirstein calls on Standard Life for $200 million global equity allocation
trueDanish consultant Kirstein hired Standard Life Investments to run a $200 million global equity allocation on behalf of one of its clients.
J.P. Morgan expands EMEA endowments and foundations team
trueKris Jonsson and Sandeep Bhamra were appointed client advisers in J.P. Morgan Asset Management's newly created endowments and foundations team for Europe, the Middle East and Africa.
BlackRock's new Asia-Pacific chief focusing on growth
trueBlackRock Inc.'s Asia-Pacific operations are poised to make a more significant contribution to the money management giant's overall business in coming years, the firm's new regional head says.
Asset owners to push for better alignment, value
trueAsset owners, which have long been relatively passive players in a financial system dominated by banks and money managers, are poised to play a more active role in shaping that system, predicts David Neal, managing director of the A$104.5 billion (US$91.5 billion) Future Fund.
Pyramis: U.S. investors have different take on alternatives than Europe, Asia
trueU.S. institutional investors' views on investing in alternatives has diverged from their investing brethren in Europe and Asia, said a new survey by Pyramis Global Advisors.
Future Fund goes heavy on currency exposure
trueAustralia's Future Fund has boosted the foreign currency exposure of its A$104.5 billion (US$91.5 billion) portfolio to record levels to preserve flexibility and boost resilience to liquidity shocks.
Ontario Teachers aims to clean up with new investment
trueThe C$140.8 billion (US$125.5 billion) pension fund acquired a 30% stake in CSC ServiceWorks, Plainview, N.Y., which leases coin-operated laundry machines and gas station tire pumps throughout North America and Europe. The stake was bought from private equity manager Pamplona Capital Management by ...
Lofty ambitions require sharp teeth for PRI
trueIn order to continue the fight toward a sustainable future, the United Nations-supported Principles for Responsible Investment must grow sharper teeth, its leadership maintains.
Amundi acquires asset management arm of Austrian bank Bawag PSK
trueAmundi has acquired Bawag PSK Invest, the asset management subsidiary of Austrian bank Bawag PSK, said Amundi spokeswoman Natacha Sharp.
Irving pension fund sues Tesco for fraud
trueTesco PLC and its directors misled investors about its financial health, according to a Texas pension fund that sued the U.K.’s biggest retailer just as it’s facing an onslaught from rival European companies.
Hawaii Employees OKs real estate, infrastructure commitments
trueHawaii Employees' Retirement System, Honolulu, approved $105 million total in real estate commitments and a $50 million infrastructure commitment, said Vijoy Chattergy, chief investment officer.
Canadian pension funds return 1.1% in quarter on foreign currency gains
trueCanadian defined benefit plans in the RBC Investor & Treasury Services universe returned 1.1% in the third quarter and 8.6% for the first nine months of 2014.
Amundi Smith Breeden going global after merger
trueAmundi Smith Breeden LLC has been in growth mode in the year since its creation from the acquisition by Paris-based Amundi of U.S. fixed-income specialist Smith Breeden Associates.