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Atlanta General Employees taps emerging markets equity, global bond managers
trueAtlanta General Employees’ Pension Fund hired EARNEST Partners to manage a $37 million active emerging markets equity portfolio and Colchester Global Investments to manage a $74 million global fixed-income portfolio.
Cambridge Retirement seeks high-yield bond manager
trueCambridge (Mass.) Retirement System is searching for a manager to run about $55 million in a conservative high-yield fixed-income portfolio.
Firms large and small benefit from PIMCO's problems
trueBoth large and small fixed-income managers benefited from the turmoil at PIMCO in 2014 as institutional investors moved assets out of the bond giant and into core-plus strategies run by other firms, Pensions & Investments data and interviews show.
Caution flag raised on unconstrained strategies
trueUnconstrained fixed-income strategies, while popular with institutional investors as a way to reduce interest-rate risk and remove benchmark constraints, could be exposing investors to a whole new set of risks, industry experts say.
Greece becomes roadblock for European investment
trueMounting tensions over the situation in Greece and the potential for a default or exit from the eurozone are in part holding back institutions from investing in an otherwise positive story for Europe.
Woburn Retirement seeking high-yield bond, U.S. large-cap core equity managers
trueWoburn (Mass.) Retirement System is searching for a high-yield bond manager to run up to $6.5 million and a passive U.S. large-cap core equity manager to run about $11.6 million for the $130 million pension fund.
Mercer: U.S. fixed-income searches on the rise; equities continue decline
trueU.S. fixed income was the most popular asset allocation search by investors across the globe in 2014, while demand for equities managers continued to dwindle, said a new report from Mercer.
Greater Manchester Pension Fund on the lookout for multicredit managers
trueGreater Manchester Pension Fund is searching for active multicredit managers for two separate allocations.
Dark pool for bonds might depend on equity success
trueThe recent launch by eight large U.S. money managers of an equity dark pool has some wondering if something similar could be built by the buy side for fixed-income trading.
Poking holes in the bond ETF meltdown scenario
trueA school of thought has emerged that places fixed-income exchange-traded funds at the center of a potential liquidity crisis in corporate bonds.
Long-duration streak holds on for 3rd straight quarter
trueOnce again long-duration bond strategies accounted for all 10 of the top-performing domestic fixed-income strategies for the year ended March 31, according to Morningstar Inc.'s separate account/collective investment trust database.
New York State Teachers renews contracts with five managers
trueNew York State Teachers’ Retirement System, Albany, renewed several contracts with investment managers at its board meeting Wednesday.
Managers, asset owners lament the popularity of unconstrained strategies
trueUnconstrained fixed income is an investment strategy popular with money managers and some investors that is racked with risk, said speakers on a panel Tuesday on asset management shaping the global financial system.
Denver, San Francisco see highest gains in home prices
trueThe S&P/Case-Shiller 10-City Composite Home Price index rose 4.8% for the one-year period through February. The broader 20-city index rose 5%, and the national home price index – which covers all nine U.S. census divisions – had a 4.2% annual gain through February.
New leaders chart expansion for RBC GAM
trueThe duo soon to be at the helm of global money manager Royal Bank of Canada Global Asset Management Inc. will draw further on past acquisitions as they look to increase the firm's footprint internationally — and in the U.S. in particular.