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Hialeah Police Pension Fund seeks domestic large-cap managers
trueHialeah (Fla.) Police Pension Fund is searching for at least one domestic large-cap equity manager to run $10 million.
St. Louis Firefighters issues call for first global bond manager
trueSt. Louis Firefighters’ Retirement Plan is searching for its first active global fixed-income manager to run $10 million.
North Attleboro Contributory looking for U.S. core-plus bond manager
trueNorth Attleboro (Mass.) Contributory Retirement System is searching for an active domestic core-plus fixed-income manager to run $7.5 million.
San Francisco City & County launches core-plus bond search
trueSan Francisco City & County Employees’ Retirement System is searching for an active domestic core-plus fixed-income manager to run between $500 million and $1.5 billion.
Louisiana Firefighters calls on BlackRock to replace PIMCO
trueLouisiana Firefighters’ Retirement System hired BlackRock to run $146 million in a passive domestic core fixed-income portfolio.
Aviva Investors appoints new CIO of fixed income
trueMark Connolly was named chief investment officer, fixed income at Aviva Investors.
Kern County committee recommends hedge fund investment, terminating Neuberger Berman
trueKern County Employees' Retirement Association made a direct hedge fund investment of $17 million with quantitative equity market-neutral manager Menta Capital.
Apollo looking to more than double its credit assets
trueAt its investor day Thursday, Apollo Global Management CEO Leon Black said the company plans to grow its credit business to $250 billion from its current $108 billion.
High yield off 3.5% from its peak in 2014
trueHigh-yield bonds have seen a dramatic reversal of fortunes in 2014 compared to their investment-grade counterparts.
St. Louis Public School investment committee recommends NCM Capital
trueSt. Louis Public School Retirement System’s investment committee recommended hiring NCM Capital Management to run a $10 million active domestic core fixed-income portfolio.
Rexnord 401(k) replaces PIMCO fund with Prudential Total Return
trueRexnord LLC, Milwaukee, is adding the Prudential Total Return Bond Fund to the investment options lineup of its 401(k) plan, said Eric Green, director of benefits.
West Palm Beach Firefighters invests in Dodge & Cox mutual fund
trueWest Palm Beach (Fla.) Firefighters' Pension Fund invested about $18 million with the Dodge & Cox Income Fund, recently released board meeting minutes said.
Managers shifting to new reality of fixed income
trueThe fixed-income trading desks of larger money managers are setting prices of trades instead of discovering them while applying the electronic trading skills of their equity brethren to adapt to the changing nature of the secondary bond markets at a time of lower liquidity.
PBGC wants bond managers to run billions of dollars in several strategies
truePBGC is searching for active fixed-income managers, said an RFP posted on the Federal Business Opportunities website.
November index returns by major asset class
trueU.S. equities returned 2.4% in November, as measured by the Russell 3000 index. The index gained 2.6% year-to-date through November.