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Hamden Employees seeks small-cap, large-cap and real estate managers
trueHamden (Conn.) Employees’ Retirement Plan is searching for a domestic small-cap core equity manager to run about $8 million, and domestic large-cap core equity and core or core-plus real estate managers to each run about $16 million.
KKR: Chinese economy has finally reached a tipping point toward services
trueKKR is predicting slower economic growth in China but says there is potential for short-term gains for stocks in 2015. The main driver of this potential is the growth of the services sector - which has overtaken manufacturing and construction as the largest component of the country's GDP (48.2% vs. ...
Wider implications of oil prices
trueWith the rapid decline and ongoing volatility in oil prices, investors will already have a sense of how the parts of their portfolios directly exposed to energy have responded, but it is also important to consider the broader investment repercussions for parts of the portfolio that are indirectly ...
New Mexico SIC preps $1 billion international equity searches, allocates $775 million
trueNew Mexico State Investment Council will launch three searches for managers to run a total of about $1 billion in international equities.
LACERS eyes small-cap emerging manager fund-of-funds search later this year
trueLos Angeles City Employees’ Retirement System officials plan to issue an RFP at the end of this year for a manager to run $114 million in a U.S. small-cap equity emerging manager fund-of-funds portfolio.
Nashville & Davidson County earmarks $75 million for distressed debt, long/short equity
trueNashville (Tenn.) & Davidson County Metropolitan Government Employee Benefit Trust Fund committed $50 million to Oaktree Opportunities Fund X, a distressed debt fund managed by Oaktree Capital Management.
State Street Investor Confidence index falls 1.3% in February
trueState Street's Investor Confidence index dipped 1.3% in February to 105.2, its lowest level since December 2013.
T. Rowe pushing against passive headwinds
trueT. Rowe Price Group Inc. has suffered heavy outflows and client terminations during the past two years from asset owners reducing their U.S. equity exposure and/or seeking passive strategies.
Emerging managers finding more opportunities coming from institutions
trueInstitutional investors are increasing their interest in emerging money managers as they seek diversity and new talent for their roster.
Corporate pension funds weigh derisking vs. re-risking
trueCorporate plan sponsors on both sides of the Atlantic are pushing back against the ramifications of lower interest rates, tipping a balance to re-risking from a derisking glidepath, say money managers, consultants and strategists.
Luminex offers a wake-up call for dark-pool operators
trueTo U.S. dark-pool operators, the development of an exclusive managers-only trading venue, Luminex Trading & Analytics LLC, is a splash of cold water on the face of an industry that some managers believe has taken institutional investors for granted.
Greenwoods finds value in China's alphabet soup of market listings
trueGreenwoods Asset Management’s decisive move into China’s A-shares market last year accounted for half of the 30% gain racked up by the Shanghai-based firm’s flagship US$1.4 billion long/short fund in 2014, said Joseph Zeng, a Greenwoods partner and head of the firm’s Hong Kong office.
Man Group to expand equities business with NewSmith acquisition
trueMan Group will acquire NewSmith's investment management unit, adding $1.2 billion of assets to the alternative money manager's business, and adding to its existing equities business under Man GLG.
El Paso City Employees puts Denver Investment Advisors on watch for performance
trueEl Paso (Texas) City Employees' Pension Fund put Denver Investment Advisors, an international small-cap equity manager, on watch for underperformance, said Robert Ash, executive director, in an e-mail.
AP2 returns 13.3% in 2014
trueAP2 saw its assets grow to 293.9 billion Swedish kronor ($35 billion) in the year ended Dec. 31, on the strength of a total return of 13.3%, a news release said.