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Overland Park fire and police pension funds seek bond, real estate managers
trueOverland Park (Kan.) fire and police department retirement plans are searching for total-return fixed-income and real estate managers.
GPIF needs to sell bonds now, advisory panel chief says
trueJapan's Government Pension Investment Fund, Tokyo, needs to cut local debt holdings now because the government will follow an advisory panel's recommendation that the fund seek higher returns, the panel's head said.
Austin Police Retirement System collars 2 for middle-market debt
trueAustin (Texas) Police Retirement System committed $30 million total to two middle-market debt funds, confirmed CEO Sampson Jordan.
Ohio Bureau of Workers' Compensation plans $2.8 billion bond search
trueOhio Bureau of Workers' Compensation, Columbus, will issue an RFP in early January for active core-plus fixed-income managers to run about $2.8 billion in assets for the $23.7 billion state insurance fund.
Illinois Muni boosts alternatives in new strategic allocation
trueIllinois Municipal Retirement Fund, Oak Brook, will boost its target allocations to real estate and alternatives and cut its fixed-income and international equity targets, effective Jan. 1.
Austin police pension fund collars Orleans Capital for core bonds
trueAustin (Texas) Police Retirement System hired Orleans Capital Management to run $55 million in core fixed income, according to recently released minutes of the Oct. 15 board meeting.
University of Michigan picks 3 for equity, credit and real estate
trueUniversity of Michigan hired Vulcan Value Partners to manage $80 million in active domestic value equity from the $8.7 billion long-term portfolio of the Ann Arbor-based university's endowment portfolio.
East Providence Police and Fire on lookout for emerging markets bond managers
trueEast Providence (R.I.) Police and Fire Retirement System is seeking proposals from emerging markets managers to run about $5 million.
Argentina loses bid for full-court rehearing of bond appeal
trueArgentina lost its bid for a rehearing of a federal appeals court ruling against it in litigation over $1.5 billion in the nation's defaulted bonds.
Dallas Police & Fire collars Loomis Sayles for floating-rate bonds
trueDallas Police & Fire Pension System hired Loomis Sayles & Co. to run $50 million in senior floating-rate fixed income.
Miami Beach eyes new real estate, hedge fund and high-yield bond allocations
trueMiami Beach (Fla.) Employees' Retirement System might add target allocations to global real estate, hedge funds, and high-yield fixed income, according to the findings of an asset allocation study.
Louisiana Firefighters puts $63 million into emerging markets debt
trueLouisiana Firefighters' Retirement System hired Stone Harbor Investment Partners to run about $63 million in active emerging markets debt.
Philadelphia pension board looking for emerging managers to run bonds
truePhiladelphia Board of Pensions and Retirement is searching for diverse, emerging and local fixed-income managers to run an undetermined amount of assets.
Worldwide money manager assets hit $68 trillion
trueTotal assets under management of the largest 500 money managers worldwide jumped 8.2% to $68 trillion in 2012, with U.S.-based managers controlling the largest market share in a decade, according to the Pensions & Investments/Towers Watson World 500 ranking.
Floating-rate securities gain more attention
trueInstitutional investors' appetite for floating-rate securities is growing, and they are eagerly anticipating the U.S. Treasury Department's January auction of floating-rate notes.