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Lloyd George Management appoints chief investment officer
trueThomas Vester was named chief investment officer at Lloyd George Management, a boutique subsidiary of BMO Global Asset Management.
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.
New Mexico PERA waiting for asset allocation study before issuing RFP
trueNew Mexico Public Employees Retirement Association, Santa Fe, canceled an RFP for global tactical asset allocation or multiasset class managers, according to a public notice on the pension fund's website.
Polen Capital wants to go global with its large-cap growth equity strategy
trueDomestic equities specialist Polen Capital Management LLC is looking to launch a global strategy, the first in its 25-year history.
Los Angeles Fire & Police to interview 9 managers of emerging managers
trueLos Angeles Fire & Police Pension System's board will be interviewing all nine firms that responded to its domestic equity manager-of-emerging managers search, said Tom Lopez, chief investment officer of the $17.5 billion pension fund, in an e-mail.
Forward multiples exceed 2007 highs
trueThere are more hints of an inflated run-up in U.S. stock prices. That could be a more serious threat than any geopolitical blowup to my prediction that the secular bull market could run for another two years or longer. The forward valuation multiples of the S&P 500/400/600 are now at bull-market ...
Torfaen County pension fund taps 2 for equities
trueTorfaen County Borough Council Pension Fund hired Invesco Asset Management to run £100 million ($167 million) in Asia-Pacific ex-Japan equities, and FIL Pensions Management to run £50 million in global emerging markets equities.
Nashville & Davidson County commits $170 million to 4 managers
trueNashville (Tenn.) & Davidson County Metropolitan Government Employee Benefit Trust Fund made five new commitments totaling up to $170 million, confirmed Fadi BouSamra, chief investment officer.
Phoenix City Employees names finalists for global equity assignment
truePhoenix City Employees’ Retirement System named Artisan Partners and Harding Loevner as finalists in its invitation-only search for a manager to run about $125 million in active global growth equities.
Louisiana Municipal Police calls on 2 for emerging markets equity
trueLouisiana Municipal Police Employees' Retirement System, Baton Rouge, hired Acadian Asset Management and Dimensional Fund Advisors to run a total of $138 million in active emerging markets equities.
Kentucky Retirement hires 4 to run $1 billion in international equity
trueKentucky Retirement Systems, Frankfort, hired four active international equity managers to run $1 billion total, invested or committed $185 million total with four alternatives funds and named a new private equity consultant, said David Peden, interim chief investment officer.
CalPERS names senior investment officer for global equities
trueDan Bienvenue was named senior investment officer for global equity at the CalPERS.
Austin Police signs Lee Munder Capital for emerging markets equity
trueAustin (Texas) Police Retirement System hired Lee Munder Capital Group to run $15 million in active emerging markets equity.
St. Louis schools' investment committee backs OFI for emerging markets equity
trueSt. Louis Public School Retirement System's investment committee has recommended hiring OFI Global Asset Management to run about $22 million in active emerging markets equities.
CalPERS approves new asset allocation
trueCalPERS approved Tuesday night a new three-year asset allocation that maintains the $282.5 billion system's expected rate of return at 7.5%.