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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.
Private debt market ready for takeoff
trueAsset owners are aiming to get in on anticipated opportunities in private debt and credit in light of what they see as a worldwide need for loans and relief from the high-priced public and private equity markets.
Corporate pension funding ratios fall in 1st quarter, reports say
trueFunding ratios of U.S. corporate defined benefit plans fell further in the first quarter of 2015, three new reports state, as liabilities rose faster than assets.
J.P. Morgan Asset Management adds client portfolio manager
trueGilles Drukier was appointed client portfolio manager for European fixed-income insurance solutions at J.P. Morgan Asset Management, a spokeswoman said.
Moody's further downgrades New Jersey bonds, citing pension shortfalls
trueMoody's Investors Service downgraded New Jersey's general obligation bonds by one notch to A2, citing the state's “weak financial position and large structural imbalance, primarily related to continued pension contribution shortfalls.”
Citadel's head of global fixed income resigns
trueDerek Kaufman resigned as head of global fixed income at Citadel, which managed about $26 billion in single and multistrategy hedge funds as of March 31.
Manchester Employees starts asset-liability study
trueManchester (N.H.) Employees’ Contributory Retirement System is conducting an asset-liability study, said Gerard Fleury, executive director.
IACPM: Credit default concerns increase in North America, improve in Europe
trueCredit portfolio managers are growing more optimistic about the credit outlook in Europe, while growing more pessimistic about the outlook in North America
Leveraged credit positioned to outperform if Fed tightens
trueGuggenheim Partners said it thinks "leveraged credit is positioned to outperform in the next Fed tightening cycle," given its lower durations and higher yields relative to investment-grade corporate bonds and Treasuries.
PineBridge adds 2 to U.S. fixed-income team
truePineBridge Investments appointed two senior executives to its U.S. fixed-income team, said a company spokesman.
Insurers' alternative imperative
trueAlternative investments appear in many respects to constitute, for lack of a better term, the most plausible alternative for insurance portfolios today.
Louisiana Parochial Employees boosts fixed income, alternatives at expense of equities
trueLouisiana Parochial Employees’ Retirement System, Baton Rouge, increased allocations to fixed income and alternatives while decreasing its allocation to public equities, said Troy Searles, chief investment officer.
St. Louis Firefighters to sign Garcia Hamilton for global bonds
trueSt. Louis Firefighters Retirement Plan hired Garcia Hamilton & Associates to run a $10 million active global fixed-income portfolio, pending contract negotiations, said Janice Fairless, human resources specialist for the pension fund.
Arkansas State Highway pension fund revs up core bond search
trueArkansas State Highway Employees' Retirement System is searching for a core fixed-income manager to run up to $40 million.