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Seattle pension fund considering adding unconstrained bond allocation
trueSeattle City Employees' Retirement System is considering adding an allocation to unconstrained fixed income following the completion of an asset-liability study.
Manchester Employees eyes bond allocation tweaks
trueManchester (N.H.) Employees’ Contributory Retirement System might increase its allocation to diversified fixed income and lower its allocation to emerging markets debt in 2015, said Gerard Fleury, executive director.
Consumer credit defaults tick up slightly in October
trueThe S&P/Experian Consumer Credit Default Composite index ticked up two basis points in October to 1.06%, its third consecutive monthly rise after hitting its all-time low in July.
Pioneer Investments recruits fixed-income client portfolio manager
trueCraig Anzlovar was named fixed-income client portfolio manager at Pioneer Investments.
Fresno City Retirement looking for private debt funds
trueFresno (Calif.) City Retirement Systems are searching for private debt senior direct lending managers to which the $2.5 billion pension fund can commit up to $100 million.
Direct-lending strategies poised for greater growth among institutional investors
trueSeventy-two percent of institutional investors recently surveyed by data provider Preqin said they expect to allocate fresh capital to direct-lending funds in the next 12 months. That amount is up from the current 55%.
San Francisco to issue call for core-plus bond manager
trueSan Francisco City & County Employees’ Retirement System is expected to issue an RFP at its Dec. 10 meeting for a core-plus fixed-income manager.
Oklahoma tobacco trust goes with Invesco for high-yield bonds
trueOklahoma Tobacco Settlement Endowment Trust hired Invesco to run $60 million in an active domestic high-yield portfolio.
Blackstone Alternative and NWI join for emerging markets fixed income
trueBlackstone Alternative Asset Management and NWI Management launched a joint venture — Blackstone NWI Asset Management — to invest in emerging markets fixed income.
Colorado Fire & Police picks Prudential for unconstrained bonds
trueColorado Fire & Police Pension Association hired Prudential Investment Management to run $155 million in unconstrained fixed income.
Danish pension fund goes with 5 managers for fixed income
trueLonmodtagernes Dyrtidsfond, Frederiksberg, Denmark, hired five managers to run more than 20 billion Danish kroner ($3.35 billion) in fixed income.
University of Missouri taps Reams for unconstrained bond strategy
trueUniversity of Missouri System hired Reams Asset Management to run $107 million in an unconstrained fixed-income strategy for the system's $3.3 billion defined benefit plan.
Munro shaking up Aviva Investors
trueEuan Munro, CEO at Aviva Investors, has made big changes not only to investment processes, but also to personnel, in his quest to bring the money manager to the forefront of institutional decision-makers' minds.
Illinois Teachers alters fixed-income subasset classes in move to simplify
trueThe $45.3 billion Teachers' Retirement System of the State of Illinois continues to slide its global fixed-income portfolio ever closer to the cutting edge of bond management.
El Paso County drops PIMCO for unconstrained bonds, alters asset targets
trueEl Paso County Retirement Plan, Colorado Springs, Colo., terminated PIMCO’s Unconstrained Bond Fund because of the departure of William H. Gross, the firm’s co-founder and chief investment officer.