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University of Florida endowment gains 4.5% in fiscal year
trueUniversity of Florida Foundations’ $1.5 billion endowment pool returned a net 4.5% in the fiscal year ended June 30, a report from University of Florida Investment Corp. said.
UTIMCO's largest fund returns 3.4% in 12 months ended June 30
trueUniversity of Texas’ two large endowment funds produced positive returns in all periods ended June 30, said a report from endowment manager University of Texas Investment Management Co.
Los Angeles Fire & Police extends Loomis Sayles' contract for 3 more years
trueLos Angeles Fire & Police Pension System renewed fixed-income manager Loomis Sayles & Co's contract to manage a $613.5 million long-duration government credit portfolio for another three years ending Sept. 30, 2018.
Ohio State long-term investments return 3.8% in fiscal year
trueOhio State University's long-term investment pool returned 3.8% in the fiscal year ended June 30, 190 basis points above its policy benchmark, said John C. Lane, vice president and chief investment officer.
IMRF boosts fixed income to trim equity overweight
trueIllinois Municipal Retirement Fund, Oak Brook, will move $475 million to three existing fixed-income managers as the $35.6 billion pension fund looks to reduce its 5.7-percentage-point overweight in U.S. equities.
Tulare County selects 2 for core-plus fixed income
trueTulare County Employees' Retirement Association, Visalia, Calif., hired MacKay Shields and DoubleLine Capital as core-plus fixed-income managers to run about $50 million each, said David Kehler, retirement administrator, in an e-mail.
Angelo, Gordon adds head of credit
trueJoshua S. Baumgarten will join Angelo, Gordon as senior managing director and head of credit.
San Bernardino County commits to credit fund
trueSan Bernardino County (Calif.) Employees’ Retirement Association committed €25 million ($28.5 million) to the Alcentra Strategic Credit Fund.
Bond market relatively untouched by equity sell-off — S&P Dow Jones
trueBond markets around the world have survived the great fall of China relatively unscathed, despite the global equity sell-off of the last few days.
Insurers increasingly sending assets outside
trueThe amount of U.S. insurance company assets invested by external money management firms has grown at a steady clip since 2011, as insurers look for managers that can offer specialized investment strategies to boost their returns.
Biggest piece of pie goes to U.S. bonds
trueU.S. bonds make up the largest portion of outsourced insurance assets, according to a survey by Patpatia & Associates, Berkeley, Calif., a consultant that tracks insurance outsourcing.
Junk spreads continue to widen
trueOne of the best coincident and real-time indicators of bursting bubbles and recessions is the yield spread between U.S. high-yield corporate bonds and the 10-year U.S. Treasury. It isn't flashing code red just yet, but it has gone to orange from green over the past year. The yield on the Merrill ...
Montana adds Neuberger Berman high-yield fund to 401(a) plan lineup
trueMontana Public Employee Retirement Administration, Helena, added the Neuberger Berman High Income Bond Fund to the lineup of its roughly $140 million 401(a) plan.
Indiana municipalities free to establish foundations
trueA new law in Indiana could turn into a windfall for money managers. The law gives municipal governments in the state the ability to fund foundations with proceeds of property sales.
Sioux Falls Retirement tweaks fixed-income portfolio
trueSioux Falls (S.D.) Retirement Systems increased its exposure to intermediate-duration fixed income and decreased exposure to long-duration fixed income, said recently released board meeting minutes.