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S&P Dow Jones: Pound-denominated equity funds blister past benchmarks
trueThe majority of U.K. and European actively managed equity funds denominated in pounds outperformed their benchmarks over 2013, while euro-denominated funds lagged.
Orange County mulls decision between active smidcap search or switch to passive
trueOrange County Employees Retirement System's investment committee is scheduled to decide whether to launch a search for an active domestic smidcap value equity manager or switch to a passive strategy, the agenda for the July 30 meeting shows.
NYC Retirement Systems post 17.4% fiscal year return
trueNew York City Retirement Systems achieved an estimated return on investments of 17.4% for the fiscal year ended June 30, said a news release issued Monday by Comptroller Scott Stringer, adviser and custodian for the five pension funds that make up the retirement system.
Marc Faber heavy on gloom and doom at CFA seminar
trueMarc Faber, publisher of the “Gloom, Doom and Boom” newsletter warned against lofty asset valuations, excessive debt and investor complacency as he discussed his views on the market at a CFA Institute financial analysts seminar in Chicago Thursday.
Oklahoma Police launches search for large-cap core manager
trueOklahoma Police Pension & Retirement System is searching for a passive domestic large-cap core equity manager to run approximately $350 million.
Lower equity return forecast will increase risk taking, manager warns
trueInvestors will step up risk in their portfolios in response to an expectation of low rates of return in equities forecast for the next 10 years, Charles S. Bath said Tuesday at the CFA Institute financial analysts seminar in Chicago.
Sarasota Firefighters names 3 finalists for U.S. large-cap search
trueSarasota (Fla.) Firefighters' Pension Fund plans to interview active domestic large-cap value equity managers HGK Asset Management, Rothschild Asset Management and WEDGE Capital Management at its Aug. 27 board meeting.
Russell Investments: Market volatility dangers likely
trueInvestor complacency, unsustainably low volatility and stretched equity market valuations might lead to market shocks, said the third-quarter update of Russell Investments’ Strategists' 2014 Global Outlook.
UPS is looking for smart beta to deliver
trueThe $28 billion United Parcel Service Inc. defined benefit plan has taken smart beta to a new level, allocating 40% of the equity portfolio to the alternatives to market-capitalization indexes.
GPIF details active equity tally in year of big changes
trueJapan's ¥126.6 trillion ($1.25 trillion) Government Pension Investment Fund, Tokyo, in an annual report released July 4, provided a snapshot of leading asset gatherers in a year of extensive changes to the pension giant's external manager lineup.
Austin Police collars Thompson, Siegel & Walmsley
trueAustin (Texas) Police Retirement System hired Thompson, Siegel & Walmsley as an international equity manager pending due diligence.
Fed warns on social media valuations
trueIn its semiannual Monetary Policy Report submitted to the U.S. congress, the board of governors of the Federal Reserve System said “valuation metrics in some sectors do appear substantially stretched,” particularly in smaller social media and biotechnology firms. Overall market valuations, they ...
BofA: Managers optimistic on global equities
trueFund managers’ outlook on equity markets improved in July, said Bank of America Merrill Lynch’s monthly fund manager survey.
Norfolk County seeks domestic small-cap growth equity manager
trueNorfolk County Retirement System, Canton, Mass., is seeking a small-cap growth equity manager to run about $27 million.
SIFMA outlines recommendations to improve U.S. equity markets
trueThe Securities Industry and Financial Markets Association released on Monday a new set of recommendations for the structure of U.S. equity markets.