Fixed income

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  1. 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.

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  1. 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.

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  2. 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.

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  3. 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.

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  4. 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.

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  5. Angelo, Gordon adds head of credit

    trueJoshua S. Baumgarten will join Angelo, Gordon as senior managing director and head of credit.

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  6. 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.

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  7. 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.

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  8. 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.

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  9. 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.

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  10. 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 ...

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  11. 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.

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  12. 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.

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  13. 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.

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