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Energy strategies on rise while small-cap growth wanes
trueThe top performing domestic equity strategies for the year ended June 30 were all over the map.
Asset owners mull tightening control on trade execution
trueAsset owners are paying a lot more attention to where their money managers execute trades — decisions that have generally been left to the discretion of the managers — and some are considering directing their managers to avoid specific venues.
N.Y. State Common takes new bets on health-care providers, financials and Japanese equities
trueNew York State Common Fund reported 111 new buys in the second quarter of 2014, according to its latest 13F filing. Excluding Google's new C-class shares, which began trading in April, Sallie Mae spinoff Navient Corp. was the top new position in the quarter at $26 million. In terms of sector and ...
S&P 500 revenues grow 5.8% in Q2
trueBull markets are fundamentally driven by rising earnings, which are driven by rising revenues. Since more companies are doing more of their business on a global basis, the outlook for revenues depends on the outlook for the global economy. So far, so good: the global economy isn't booming, but it ...
Pensacola Firefighters launches invitation-only search for large-cap growth
truePensacola (Fla.) Firefighters’ Relief and Pension Fund is conducting an invitation-only search for an active domestic large-cap growth equity manager to run $9 million, said Cheryl Jackson, payroll and pension manager.
BlackRock adds co-head of global equity
trueGary Clarke was named managing director, portfolio manager and co-head of the global equity team at BlackRock.
No summer lull in transition management
trueJuly – a normally quiet month in transition management – was anything but this year.
Exelon picks Segall Bryant & Hamill for small-cap value equity
trueExelon Corp. hired Segall Bryant & Hamill as a manager for its defined benefit plans.
Somerset County Council chooses Asia-Pacific ex-Japan equity manager
trueSomerset County Council Pension Fund hired Mirabella Financial Services to run a £40 million Asia-Pacific ex-Japan equity strategy.
Greater Manchester Pension Fund selects 3 for global equities
trueTameside Metropolitan Borough Council hired three active global equity managers to run a total of £600 million for the Greater Manchester Pension Fund.
Oregon 457 plan adds real return option
trueOregon Investment Council, Tigard, added a real return investment option and switched some equity managers for the state's $1.6 billion 457 plan
GW&K hires new international equity portfolio manager
trueReid Galas was named international equity portfolio manager at GW&K Investment Management
Stock buyback index more than doubling dividend index so far in 2014
trueThe S&P 500 Buyback index -- which tracks 100 companies with the highest buyback ratio -- has more than doubled returns of the S&P 500 Dividends Aristocrats index so far in 2014. The Dividends Aristocrats index ranks stocks based on consistency of increasing dividends over a 25-year period.
Nikko Asset Management hires 6 from SWIP to form global equities team
trueNikko Asset Management created a global equities team with the hire of six investment professionals from Scottish Widows Investment Partnership, said Yu-Ming Wang, deputy president, global head of investment and international chief investment officer at the firm.
Sanctions against Russia may lead to index changes
trueIndex funds might have to divest Russian securities under new sanctions.