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Meketa asset allocation proposals would slash CalSTRS domestic equity share
trueOne of two general investment consultants advising the California State Teachers' Retirement System on a new asset allocation is recommending a major downward shift in the allocation to U.S. equities while increasing emerging markets equities exposure.
Taunton Contributory Retirement System launches midcap search
trueTaunton (Mass.) Contributory Retirement System is searching for active midcap equity managers to run $10 million for the $270 million pension fund.
RidgeWorth Investments selects WCM as new subadviser on international equity fund
trueRidgeWorth Investments hired WCM Investment Management as subadviser of the $24 million RidgeWorth International Equity Fund.
August roundup: U.S. equities drop most in 3 years, VIX spikes most ever
trueU.S. equity markets had their worst monthly returns since May 2012 as the Russell 3000 index dropped 6.04%.
North Dakota State Investment Board puts 2 portfolios on watch
trueNorth Dakota State Investment Board, Bismarck, put two equity managers on watch, said David Hunter, executive director and chief investment officer of the North Dakota Retirement and Investment Office, in an e-mail.
University of Florida endowment gains 4.5% in fiscal year
trueUniversity of Florida Foundations’ $1.5 billion endowment pool returned a net 4.5% in the fiscal year ended June 30, a report from University of Florida Investment Corp. said.
Ohio State long-term investments return 3.8% in fiscal year
trueOhio State University's long-term investment pool returned 3.8% in the fiscal year ended June 30, 190 basis points above its policy benchmark, said John C. Lane, vice president and chief investment officer.
St. Louis Firefighters to search for international equity manager
trueSt. Louis Firefighters' Retirement Plan will launch a search for an international equity manager to run about $7 million in the next week, an official said.
China opens door for state pensions to invest in domestic equities
trueChinese government officials on Friday said reforms approved earlier this month allowing state pension funds to invest a portion of their investment portfolios in risk assets for the first time could affect roughly 2 trillion renminbi ($314 billion) in pension assets.
Ohio Police & Fire to launch small-cap core equity search
trueOhio Police & Fire Pension Fund will launch a search next week for an active domestic small-cap core equity manager to run $225 million.
Sarasota Firefighters brings on Renaissance for large-cap growth equity
trueSarasota (Fla.) Firefighters’ Pension Fund hired Renaissance Investment Management to run $9 million in active domestic large-cap growth equities.
Memphis Light, Gas & Water goes with OFI Global for international equities
trueMemphis Light, Gas & Water Division hired OFI Global Asset Management to run $26 million in active international small-cap equities.
Spokane Employees conducting invitation-only international small-cap search
trueSpokane (Wash.) Employees’ Retirement System is conducting an invitation-only search for an active international small-cap equity manager.
San Luis Obispo County taps 2 large-cap equity managers
trueSan Luis Obispo County (Calif.) Pension Trust hired Boston Partners and Loomis Sayles as domestic large-cap equity managers.
European equities battered in August, but still up for year
trueEuropean equity markets have been swimming in a sea of red this month. They are down 16% from their recent 12-month highs, as measured by the Euro Stoxx 600.