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New York State Insurance Fund on lookout for large-cap value equity managers
trueNew York State Insurance Fund, New York, is searching for one or more managers to run active domestic large-cap value equities.
Illinois State Board mulling changes to asset mix to lower volatility
trueIllinois State Board of Investment, Chicago, is reviewing its asset allocation for potential changes to reduce volatility after lowering its assumed rate of return on investments to 7.25%, said William R. Atwood, executive director.
Developed equities outside the U.S. see biggest ETP flows through June
trueGlobal exchange-traded product flows through June 30 totaled $123.9 billion, up 24.6% from $99.4 billion through the first six months of 2013, according to BlackRock's monthly ETP Landscape report.
Precedent is upheld on class-action lawsuits that are spurred by stock losses
truePension funds and other institutional shareholders pursuing securities class-action lawsuits got a big vote of confidence from the Supreme Court in late June that could lead to more scrutiny of corporate and market practices, and more financial recovery, some experts say.
A good first half for equities
trueWhile equity markets worldwide continued to drift higher halfway through 2014, interest rates fell, surprising many.
Dow Jones tops 17,000 as June payrolls rise amid ECB stimulus
trueThe Dow Jones industrial average on Thursday climbed above 17,000 for the first time as data showed employers added more workers than projected in June and the European Central Bank disclosed details of its stimulus plans.
El Paso Employees lassos AQR for emerging markets equity
trueEl Paso (Texas) City Employees' Pension Fund hired AQR Capital Management to run $17 million in emerging markets equity.
Adams County Retirement Plan sets new target asset allocation
trueAdams County Retirement Plan, Brighton, Colo., approved several changes to its target asset allocation.
Louisiana Municipal Employees signs international growth equity manager
trueLouisiana Municipal Employees’ Retirement System, Baton Rouge, hired WCM Investment Management to run $15 million in active international growth equities.
St. Louis Firefighters' Retirement Plan goes with Vanguard funds
trueSt. Louis Firefighters' Retirement Plan made investments in two Vanguard Group index mutual funds totaling $3 million.
Number of IPOs up 74% in Q2; proceeds rise 42%
trueThe number of initial public offerings in the second quarter rose 74% from a year ago, according to Renaissance Capital's Q2 review of the global IPO market.
ERAFP wants SRI equity, bond managers
trueERAFP is searching for eight money managers to run a total of at least €2.9 billion ($3.85 billion).
Stock buybacks charge up the bull market
trueThe bull market in the S&P 500 since March 2009 has been marked by corporations buying back their shares and paying out dividends. From Q1 2009 through Q1 2014, S&P 500 companies repurchased $1.9 trillion of their shares and paid out $1.3 trillion in dividends. During the first quarter of this ...
SWFs gorging on alternatives, Invesco survey says
trueA year of solid returns for global equities hasn't derailed a broad-based push by sovereign wealth funds into alternative strategies, according to Atlanta-based Invesco Ltd.'s second annual report on the industry.
GW&K continues to spread its wings 6 years after getting new parent
trueGW&K Investment Management has tripled its assets under management and more than quadrupled its institutional AUM in the almost six years since it left from under the wing of former parent company Bank of New York Mellon and became an affiliate of Affiliated Managers Group Inc.