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LGM taps new head of China equities
trueStephen Ma joined LGM Investments as head of Greater China equities and senior portfolio manager, a spokeswoman said.
Standard Life Investments boosts multiasset team
trueChris Faulkner-MacDonagh and Alex Wolf joined Standard Life Investments’ multiasset global strategy team, a spokeswoman said.
Top purchases and sales in Q3 among top 10 hedge funds by equity holdings
trueAbbVie Inc. and Actavis PLC were the top two buys among the top 10 pure-play hedge funds ranked by equity asset holdings during the third quarter, according to data from S&P Capital IQ.
Consumer credit defaults tick up slightly in October
trueThe S&P/Experian Consumer Credit Default Composite index ticked up two basis points in October to 1.06%, its third consecutive monthly rise after hitting its all-time low in July.
S&P 500 up nearly 10% from its Oct. 15 low
trueAfter slipping 5.4% over a five-day trading window in mid-October, the S&P 500 index has strongly rebounded off its Oct. 15 lows. Since closing at 1,862.49 on that date, the index is up 9.5%, closing at record high of 2,038.26 on Nov. 10.
Oklahoma Municipal Retirement adds 3 managers for international equities
trueklahoma Municipal Retirement Fund hired WCM Investment Management, Investec Asset Management and Harding Loevner to run about $28 million each in active international equities for its $474 million defined benefit and $280 million 401(a) plans.
Weak equity returns sting managers
trueSeveral publicly traded money managers experienced either a decline in assets under management or flat growth during the third quarter, due to weak equity markets.
Munro shaking up Aviva Investors
trueEuan Munro, CEO at Aviva Investors, has made big changes not only to investment processes, but also to personnel, in his quest to bring the money manager to the forefront of institutional decision-makers' minds.
Japan's GPIF embarks on volatile journey
trueJapan's Government Pension Investment Fund has set course to steer its ¥127.3 trillion (US$1.11 trillion) portfolio into more volatile waters, in search of higher returns.
Hollywood Employees' launches international small-cap invitation-only search
trueHollywood (Fla.) Employees' Retirement Fund is conducting an invitation-only search for an international small-cap equity manager to run $15 million, said Lisa Castronovo, pension coordinator.
High-frequency trading: Considerations and risks for pension funds
truePotential negative effects of the subset of automated algorithm-based trading known as high-frequency trading have recently generated significant attention, including congressional hearings, regulatory investigations, lawsuits and widespread media coverage. A fiduciary to a pension fund should ...
Metropolitan District Commission seeks managers for 7 strategies
trueMetropolitan District Commission, Hartford, Conn., is looking for managers to run a total of $170 million across seven strategies for its $200 million pension fund, said William Dahab, principal and director of research at Dahab Associates, investment consultant for the commission.
Unearthing the gems in GEM
trueOver the last 12 months since the advent of talk about U.S. tapering, global emerging markets equity feels like the asset class strategists have loved to hate. While some think there might be the occasional "dead cat bounce," the region remains, in the opinion of many, a dead cat.
Plymouth Contributory looking for U.S. large-cap growth equity manager
truePlymouth (Mass.) Contributory Retirement System is searching for an active domestic large-cap growth equity manager to run about $7.5 million.
Belmont Contributory Retirement searching for index equity manager
trueBelmont (Mass.) Contributory Retirement System is searching for a manager to run about $9.5 million in an S&P 500 index fund.