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Miramar Firefighters signs PNC for small-cap equity
trueMiramar (Fla.) Firefighters’ Pension Fund hired PNC Capital Advisors to manage about $5 million in active domestic small-cap core equities, said William Dahab, principal and director of research at Dahab Associates, the $99 million pension fund’s investment consultant.
U.S. investors not buying European equity pitch
trueMoney managers, consultants and economists are growing increasingly positive on the case for European equities, citing relatively cheap valuations and further expected moves by the European Central Bank to boost the economy.
Look beyond macro story to find equity returns in frontier markets
trueFrontier markets typically are underdeveloped, with strong prospects for growth and capital market expansion.
Risk of star dependence
trueThe departure of William H. Gross from Pacific Investment Management Co. LLC leaves money management companies and institutional fiduciary clients alike wondering whether they should encourage the star system or a team approach to managing money.
Cambridge Global Asset Management elevates portfolio manager to co-CIO
trueBrandon Snow was promoted to principal and co-chief investment officer at Cambridge Global Asset Management, effective immediately, said Neal Kerr, senior vice president, investment management, at parent company CI Investments.
Gross: 8%-9% returns 'going to be difficult to achieve' for pension funds
trueWilliam H. Gross on Thursday said investors need to say “bye-bye” to the days of historically high returns, and target returns of as much as 9% for pension funds are “going to be difficult to achieve, especially with rates where they are now.”
PIMCO adds 5 execs for global equities
trueMegan Kulick, Mark Richards and Daniel Lacalle joined PIMCO as senior vice presidents, and Chris Legg and Akash Ghiya were named vice presidents, a company news release said.
San Francisco pension fund puts off hedge fund vote
trueSan Francisco City & County Employees' Retirement System, amid a contentious board meeting, again put off a vote Wednesday on whether to allocate 15% of the pension fund's $20.1 billion to hedge funds.
Study shows returns of listed REITs beat other asset classes
trueReal estate investment trusts offered the highest net return of all asset classes for 900 corporate and public defined benefit plans between 1998 and 2011, says a soon-to-be-released study by research firm CEM Benchmarking Inc.
Devon County Council Pension Fund seeks smart beta manager
trueDevon County Council Pension Fund, Exeter, England, is looking for a manager to run a smart beta allocation, according to an announcement on European procurement website Tenders Electronic Daily.
Q3 net dividend increases up 3.7% from a year ago
trueNet dividend increases for U.S. stocks rose $12.3 billion in the third quarter - a 3.7% increase from a year ago, according to data released Tuesday by S&P Dow Jones Indices.
Old Mutual Global Investors adds fund manager
trueIan Ormiston joined Old Mutual Global Investors as a fund manager in the U.K. and European equities team, a spokeswoman said.
Panel offers differing views on governance with public technology companies
trueAn asset owner, money manager and academic faced off in a panel discussion at the Council of Institutional Investors conference in Los Angeles expressing widely different views on the degree of toughness investors should bring to bear to demand better corporate governance at technology companies ...
Norfolk County Retirement System seeks midcap value equity manager
trueNorfolk County Retirement System is searching for an active domestic midcap value equity manager to run about $17.5 million.
Ohio State Teachers picks 2 to manage $800 million in international equity
trueOhio State Teachers’ Retirement System hired Lazard Asset Management and Wellington Management Co. to run $400 million each in active international equities.