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New York State Common Retirement Fund drops Cap Guardian for emerging markets equity
trueNew York State Common Retirement Fund, Albany, terminated Capital Guardian as manager of a $430 million emerging markets equity portfolio, said information on the website of state Comptroller Thomas DiNapoli, sole trustee of the $176.2 billion pension fund.
Emerging markets debt is attracting investors again
trueEmerging markets debt, pummeled during last year's “taper tantrum,” is now tempting institutional investors back into the fold.
Louisiana Municipal Police Employees picks high yield, emerging markets debt finalists
trueLouisiana Municipal Police Employees Retirement System named finalists in its searches for a domestic high-yield fixed-income manager to run about $83 million and an active emerging markets debt manager to run about $52 million.
Emerging market portfolio globalization: The next big thing
trueOne of 2014's great investment surprises has been emerging markets equity performance. Notwithstanding negative news (from Ukraine to China, Turkey to Thailand) and record foreign investor outflows, MSCI EM equity is up 5% in the first half of the year in line with MSCI All Country World Index ...
GMI to expand its ratings to emerging markets
trueGMI Ratings will introduce a combined set of accounting and governance ratings on some 9,000 companies in nearly 60 emerging markets countries.
NEST adds 2 emerging markets equity managers
trueNational Employment Savings Trust hired HSBC Global Asset Management (U.K.) and Northern Trust Asset Management to run emerging markets equity allocations, in its first exposure to alternative indexing.
University System of New Hampshire boosts accounts with 2 managers in rebalancing
trueUniversity System of New Hampshire, Concord, added $3 million each to a real asset collective trust fund managed by State Street Global Advisors and an emerging markets equity mutual fund managed by Parametric Portfolio Associates in the system's $444 million combined endowment pool
Developed equities outside the U.S. see biggest ETP flows through June
trueGlobal exchange-traded product flows through June 30 totaled $123.9 billion, up 24.6% from $99.4 billion through the first six months of 2013, according to BlackRock's monthly ETP Landscape report.
El Paso Employees lassos AQR for emerging markets equity
trueEl Paso (Texas) City Employees' Pension Fund hired AQR Capital Management to run $17 million in emerging markets equity.
Stone Harbor names emerging markets debt portfolio manager
trueStuart Sclater-Booth will join Stone Harbor Investment Partners' emerging markets debt team as a portfolio manager.
Payden & Rygel uses soccer as springboard for commentaries
trueWorld Cup fever has struck money manager Payden & Rygel, with the Los Angeles-based firm looking at four matches between emerging markets countries as inspiration for its investment commentary.
University of Houston picks 2 emerging markets equity managers
trueUniversity of Houston System hired Somerset Capital Management and Northern Trust Asset Management to run a total of $35 million in emerging markets equity for its $592 million endowment fund.
Asset owners to be more selective with emerging markets — report
trueEmerging markets are facing a period of structural reform that will leave asset owners adopting a much more selective approach to investing in those markets, said a report from London-based CREATE-Research sponsored by Principal Global Investors LLC.
CalSTRS taps 2 to manage $1.25 billion in emerging markets equity
trueCalSTRS hired Schroder Investment Management and J.P. Morgan Asset Management to run a combined $1.25 billion in emerging markets equity.
U.S. Supreme Court rejects Argentina appeal on defaulted bonds
trueThe U.S. Supreme Court left intact rulings that might force Argentina to pay billions of dollars to holders of repudiated bonds, rejecting the country's appeal in a case that has unsettled its financial markets and triggered threats of a new default.