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Texas County & District tacks on $130 million total to 2 funds
trueTexas County & District Retirement System, Austin, made a follow-on commitment of $100 million to York Global Credit Income Fund, confirmed spokesman Russ Rhea.
CalPERS will abandon passive currency hedging
trueCalPERS is axing its 22-year-old passive currency hedging program because it has had almost no effect on the returns or volatility of the $282.5 billion pension fund.
Illinois SURS gets six responses to cash overlay RFP, will pick two finalists
trueIllinois State Universities Retirement System, Champaign, received responses from Bank of New York Mellon, State Street Global Advisors, BlackRock, Northern Trust Investments, Parametric Clifton and Russell Investments to an RFP for managing $200 million to $500 million in exposure for cash overlay ...
Convergence of currencies is main theme of 4th quarter
trueThe risk story in the final quarter of 2013 was largely about currency, particularly beyond the U.S., according to the Axioma Insight Quarterly Risk Review.
Investors shift record amounts from U.S. stocks to bonds
trueInvestors shifted record amounts out of U.S. stock funds and into bonds, while withdrawing money from emerging-market equities for a 15th straight week, according to Citigroup Inc.
San Diego City Employees taps Investec for emerging markets debt
trueSan Diego City Employees' Retirement System hired Investec Asset Management to manage about $110 million in a new local currency emerging markets debt allocation, said Liza Crisafi, chief investment officer for the $6.3 billion pension fund.
Seattle City Employees signs Russell for cash overlay
trueSeattle City Employees' Retirement System hired Russell Investments as cash overlay manager.
Hedged ETPs looking to move beyond currency niche
trueMonetary policy, volatility and interest rate regimes, among other factors, have caught the attention of money managers offering exchange-traded products.
Watershed for FX managers: Diversify or die
trueThe five-year drought for currency investing claimed a major victim in October after FX Concepts lost nearly all of its assets under management over the past six years.
Vision Super goes with Adrian Lee for currency
trueVision Super hired Adrian Lee & Partners to actively manage currency exposures on the Melbourne-based superannuation fund's A$2.3 billion (US$2.2 billion) overseas investments.
Seattle City Employees seeks cash overlay manager
trueSeattle City Employees' Retirement System is searching for a cash overlay manager.
Colorado Fire & Police call on Russell for cash overlay
trueColorado Fire & Police Pension Association hired Russell Investments to manage a cash overlay strategy.
Meddling by central banks, China add to uncertainty
trueInterference by the central banks of U.S. and Japan and possible measures being considered by officials in China are making global financial markets more uncertain and less predictable, according to the Axioma Insight Quarterly Risk Review.
Connecticut issues RFP for currency overlay
trueConnecticut Retirement Plans & Trust Funds, Hartford, has issued an RFP to hire one or more currency overlay managers.
Alameda County taps P/E Investments for currency
trueAlameda County Employees' Retirement Association, Oakland, Calif., hired P/E Investments to run $25 million as its new “currency-alpha” manager.