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SEC releases tick size pilot program plan for comment
trueThe SEC late Monday released for public comment its plan to do a one-year pilot program to widen minimum tick sizes for small-cap stocks.
New Mexico Educational lines up $400 million for emerging markets
trueNew Mexico Educational Retirement Board invested $200 million each with Robeco and Parametric Clifton for emerging markets equity portfolios.
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trueLisle-Woodridge Firefighters Pension Fund, Lisle, Ill., hired MFS Investment Management to run about $3 million in its international value equity mutual fund.
London Borough of Camden signs Harris for unconstrained global equity
trueLondon Borough of Camden Pension Fund hired Harris Associates to run an unconstrained global equity allocation.
Chicago Laborers lines up international equity search
trueChicago Laborers’ Annuity & Benefit Fund plans to issue an RFP for an international equity manager.
Illinois State Board of Investment seeks small-cap option for 457 plan
trueIllinois State Board of Investment is searching for an active domestic small-cap growth equity manager for the state’s $4.1 billion deferred compensation plan.
Consultant Kirstein calls on Standard Life for $200 million global equity allocation
trueDanish consultant Kirstein hired Standard Life Investments to run a $200 million global equity allocation on behalf of one of its clients.
ETP traders not responding to exchange overtures
trueAll too often, exchange-traded products are described as mutual funds that trade like stocks. A closer look reveals that not to be the case. To the surprise of many, ETP traders are comfortable in the dark.
VIX futures flatten after wild ride
trueThe VIX fell 25.8% this week as volatility appeared to recede from U.S. equity markets. The S&P 500 gained 3.2% this week and has risen 5.5% since bottoming on Oct. 15. The VIX eclipsed 30 on an intraday basis on Oct. 15 and has steadily fallen since, to 16.35 at the close of markets Friday.
Stamford Firefighters taps Glovista for emerging markets equities
trueStamford (Conn.) Firefighters’ Pension Fund hired Glovista Investments to manage $7 million in active emerging markets equities, said John Beirne Jr., founder and chief investment officer of Beirne Wealth Consulting, the pension fund's investment consultant.
Canadian pension funds return 1.1% in quarter on foreign currency gains
trueCanadian defined benefit plans in the RBC Investor & Treasury Services universe returned 1.1% in the third quarter and 8.6% for the first nine months of 2014.
BNP Paribas hires equities director for institutional business
trueGuy Davies joined BNP Paribas Investment Partners as director-equities in its institutional business unit.
San Jose Police & Fire moves away from international small cap
trueSan Jose (Calif.) Police & Fire Department Retirement Plan approved transferring $245 million to a different Northern Trust Asset Management passive strategy to reduce the plan’s exposure to international small-cap equity and increase exposure to international large-cap equity.
McKnight Foundation hires Mellon for carbon efficiency strategy
trueMcKnight Foundation, Minneapolis, hired Mellon Capital Management to run $100 million in a U.S. equity carbon efficiency strategy.
LACERS preps asset-liability study
trueLos Angeles City Employees’ Retirement System expects to launch an asset-liability study next winter, minutes of the Sept. 23 board meeting show.