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Alameda-Contra Costa Transit District goes with Dimensional
trueAlameda-Contra Costa Transit District Retirement System hired Dimensional Fund Advisors to run $15 million in international small-cap equity, pending final contract review.
Erie, Pa., wants small- and midcap managers, custodian for 4 pension funds
trueErie, Pa., is searching for a custodian, a midcap core equity manager to run approximately $26 million and a small-cap growth equity manager to run approximately $12 million for the city's four pension funds.
Heptagon Capital names European equity manager
trueChristian Diebitsch joined Heptagon Capital as European equity manager.
Imperial County Employees picks Vontobel for emerging markets equity
trueImperial County Employees’ Retirement System hired Vontobel Asset Management to run $25 million in active emerging markets equities.
AllianceBernstein leads money managers beating the S&P 500 in 2014
trueYear-to-date through Aug. 22, AllianceBernstein's stock posted a total return of 32.2% -- 23 percentage points higher than the S&P 500 index's return of 9.2%.
Wyoming investment board taps 3 for U.S. equities
trueWyoming State Loan and Investment Board, Cheyenne, hired Epoch Investment Partners, Lazard Asset Management and RBC Global Asset Management (U.S.) as part of a restructuring of the state permanent funds’ $2.4 billion domestic equity portfolio, said Michael Walden-Newman, chief investment officer, ...
Frontier markets equities continue to outpace in 2014
trueFrontier markets equities have extended their gains over developed and emerging markets in 2014. Through Aug. 19, frontier markets returned 21.5% -- more than three times that of developed markets, as measured by the MSCI ACWI index. The MSCI Emerging Markets index was up 10.3%.
Norges Bank Investment Management restructures investment departments
trueNorges Bank Investment Management has restructured its investment departments in line with a new strategy plan for Norway’s Government Pension Fund Global, Oslo, a spokesman said.
PIMCO expands global equities team
trueIain McNaught and Simon Peters were named senior vice presidents at Pacific Investment Management Co., in London, spokesman Michael Reid said.
After 10 years as a public company, Google returns eclipse 1,300%
trueGoogle celebrates 10 years as a public company Tuesday -- and investors lucky enough to hold the stock from its initial offering price have enjoyed a cumulative return of 1,304% as of Aug. 19. The stock's return has dwarfed those of the Russell 2000 (146%) and the large-cap Russell 1000 index ...
UniSuper to buy more emerging Asian equities
trueUniSuper Management, the third-best performing Australian pension fund over 10 years, plans to buy more emerging Asian equities as the region's economic outlook improves.
Cambridge Associates: Global developed private equity lags public counterpart, while emerging markets PE outperforms public markets in 2013
truePrivate equity and venture capital firms that invest primarily in developed markets outside the United States returned 16.3% in 2013, as measured by the Cambridge Associates LLC Global ex-U.S. Developed Markets Private Equity and Venture Capital index. The MSCI EAFE index, by comparison, returned ...
New York State Common boosts allocation to 2 managers
trueNew York State Common Retirement Fund, Albany, allocated an additional $350 million total to existing equity managers Apex Capital Management and Progress Investment Management, said Matthew Sweeney, a spokesman for state Comptroller Thomas DiNapoli, the sole trustee of the $180.7 billion pension ...
Energy strategies on rise while small-cap growth wanes
trueThe top performing domestic equity strategies for the year ended June 30 were all over the map.
Asset owners mull tightening control on trade execution
trueAsset owners are paying a lot more attention to where their money managers execute trades — decisions that have generally been left to the discretion of the managers — and some are considering directing their managers to avoid specific venues.