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New Mexico Deferred Comp swaps equity funds
trueNew Mexico Public Employees Retirement Association made changes to the investment lineup of the $485 million State of New Mexico Deferred Compensation Plan.
Coral Gables taps RBC for international equity
trueCoral Gables (Fla.) Retirement System hired RBC Global Asset Management to run $17 million in active international equities.
Westfield Contributory sticks with Loomis Sayles
trueWestfield (Mass.) Contributory Retirement System rehired Loomis Sayles & Co. to manage $6.5 million in active diversified domestic small-cap equities.
San Bernardino County seeks emerging markets equity manager
trueSan Bernardino County (Calif.) Employees’ Retirement Association launched a search for two to three managers to run a total of $100 million to $200 million in active emerging markets equities.
Alabama Trust Fund taps 4 international equity managers
trueAlabama Trust Fund, Montgomery, hired Artisan Partners Asset Management, Invesco, Lazard Asset Management, and Thompson, Siegel & Walmsley to run an undetermined amount in active international equity.
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 ...