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Baton Rouge pension fund signs AJO for emerging markets equities
trueBaton Rouge (La.) & Parish of East Baton Rouge Employees’ Retirement System plans to hire AJO to run active emerging markets equities.
Manchester Employees starts asset-liability study
trueManchester (N.H.) Employees’ Contributory Retirement System is conducting an asset-liability study, said Gerard Fleury, executive director.
CalSTRS selects 2 international equity managers
trueCalSTRS intends to hire AQR Capital Management and Pzena Investment Management to run international equity strategies.
GMO: Currency hedging may increase tail risk
trueHedging currency exposure increases tail risk in equity portfolios by increasing the notional exposure, “and therefore the magnitude of possible return or loss,” according to a GMO white paper released Monday.
Norway megafund appoints panel to study infrastructure, real estate investments
trueNorway’s Ministry of Finance appointed an expert group to investigate whether the 6.4 trillion Norwegian kroner ($809 billion) Government Pension Fund Global, Oslo, should be permitted to invest in unlisted infrastructure and increase the 5% cap on real estate investments.
Insurers' alternative imperative
trueAlternative investments appear in many respects to constitute, for lack of a better term, the most plausible alternative for insurance portfolios today.
KBW: Real estate firms post largest percentage of dividend cuts in Q1
trueFinancial services specialist Keefe, Bruyette & Woods said real estate companies had the highest percentage of dividend cuts among financial industry groups in the first quarter. Fifteen percent of real estate firms in KBW's coverage universe cut their dividends in Q1, compared to 4% of diversified ...
Chatham County pension fund seeks U.S. large-cap core equity manager
trueChatham County Employee Retirement Plan is searching for an active domestic large-cap core equity manager to run between $5 million and $10 million.
Louisiana Parochial Employees boosts fixed income, alternatives at expense of equities
trueLouisiana Parochial Employees’ Retirement System, Baton Rouge, increased allocations to fixed income and alternatives while decreasing its allocation to public equities, said Troy Searles, chief investment officer.
Fresno County trims large-cap equity roster
trueFresno County (Calif.) Employees' Retirement Association is cutting its number of active domestic large-cap equity managers in half, said Donald Kendig, retirement administrator, in an e-mail.
POLL: How much longer do you expect the bull market to run?
trueThe S&P 500 was up in the first quarter, the ninth consecutive positive quarter of the current bull market.
L.A. County Deferred Comp selects 2 small-cap growth equity managers
trueLos Angeles County Deferred Compensation and Thrift Plans hired Elk Creek Partners and Rice Hall James & Associates to manage $80 million each in small-cap growth equity separate accounts.
Kern County eyes replacing two small-cap equity managers
trueKern County Employees' Retirement Association might soon replace its two active domestic small-cap equity managers.
Swiss pension fund looking for global small-cap equity manager to run $500 million
trueSwiss Federal Social Security Funds, Geneva, is looking for a manager to run a 500 million Swiss franc ($511.5 million) allocation to global ex-Switzerland small-cap equities.
Pensacola Firefighters picks Sawgrass for U.S. large-cap equities
truePensacola (Fla.) Firefighters’ Relief and Pension Fund hired Sawgrass Asset Management to run $9 million in active domestic large-cap growth equities.