Watch breaking news videos and read news updates about Fixed Income on pionline.com
Nebraska Investment Council gives Neuberger Berman $625 million for core-plus bonds
trueNebraska Investment Council hired Neuberger Berman to manage a $625 million active domestic core-plus fixed-income portfolio.
Corporate bond universe growing 10% annually since financial crisis
trueThe amount of U.S. corporate debt outstanding grew 10% annually between 2007 and 2014, according to statistics released Thursday by Fitch Ratings. At the end of 2014, $3.7 trillion of U.S. corporate bonds were outstanding, up from $1.9 trillion in 2007.
Braintree Contributory searching for multisector fixed-income managers
trueBraintree (Mass.) Contributory Retirement System is seeking proposals from multisector fixed-income managers to run up to $17.3 million.
Credit's true role in asset allocation and portfolio construction
trueCredit markets have reached a critical mass in the U.S., with $14 trillion of assets now outstanding compared to the $18.8 trillion in total capitalization of U.S. public equity markets.
Louisiana Firefighters adds 5% allocation to absolute-return fixed income
trueLouisiana Firefighters' Retirement System, Baton Rouge, is creating a 5% target allocation to absolute-return fixed income following an asset allocation review.
Springfield police and fire pension fund hires long-duration bond manager
trueSpringfield (Mo.) Police Officers’ & Firefighters’ Retirement System hired Income Research & Management to run about $30 million in an active domestic long-duration fixed-income portfolio.
Berkeley Police/Fire pension fund looking to potentially replace PIMCO
trueBerkeley (Mo.) Police/Fire Employees Retirement System is searching for a domestic core or core-plus fixed-income manager to run $4.5 million.
New York State Common picks BlackRock for $2 billion unconstrained bond allocation
trueNew York State Common Retirement Fund made $2.55 billion in investments and commitments in January.
CFA Society of the U.K. members see developed markets equities as overvalued
trueDeveloped markets equities are overvalued, say a net 52% of U.K. respondents to a survey by the CFA Society.
Nevada Public Employees consolidates managers, goes all passive for U.S. bonds
trueNevada Public Employees' Retirement System, Carson City, has consolidated its domestic fixed-income portfolio, giving existing passive domestic core fixed-income managers Payden & Rygel and UBS Global Asset Management about an additional $3 billion each, said Stephen Edmundson, investment officer.
Citadel fixed-income manager leaves firm
trueMatthew Feldmann, a member of Citadel’s fixed-income team, left the firm.
San Mateo County goes with Beach Point Capital for opportunistic credit
trueSan Mateo County Employees’ Retirement Association hired Beach Point Capital Management to run about $32.5 million in opportunistic credit.
Amundi hires PIMCO, BlackRock vets for global bond team
trueMyles Bradshaw and David Ric joined Amundi’s global fixed-income team as portfolio managers.
Draghi's latest pledge pushes yields closer to zero
trueAmong the most breathtaking moves attributable to central bank intervention is the plunge in bond yields, especially in the eurozone. The Spanish and Italian 10-year government bond yields are both down to 1.15% from peaks of 7.61% and 6.61%, respectively, on July 24, 2012 -- just before European ...
Sonoma County Employees picks Neuberger Berman for unconstrained bonds
trueSonoma County Employees’ Retirement Association hired Neuberger Berman to run a $65 million unconstrained fixed-income portfolio.