Fixed income
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Erie County hires 2 for bonds, adds bank loan fund
Erie County (Pa.) Employees' Retirement System hired Boyd Watterson Asset Management and PNC Bank to run a total of about $11 million in active domestic intermediate-duration fixed income.
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$9 trillion market not many institutions know about
Pending Basel III regulations could move trade finance and its $9 trillion market into the sights of institutional investors.
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Florida's Orange County considers Vanguard international bond fund for 457 plan
Orange County Section 457 Deferred Compensation Plan will add the Vanguard Total International Bond Index Fund, if an advisory committee recommendation is accepted by County Comptroller Martha O. Haynie.
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Manulife recruits 2 emerging markets debt specialists from Federated
Roberto Sanchez-Dahl and Paolo H. Valle were named managing directors and senior portfolio managers of the $2.35 billion John Hancock Emerging Markets Debt strategy, at Manulife Asset Management.
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Hedged global bonds could be answer to DC volatility problem
Many defined contribution plan sponsors are seeking solutions aimed at reducing undue volatility — excess volatility without a commensurate increase in return — that can prevent a plan and its participants from achieving their long-term objectives. Our research suggests hedged global bonds may be
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Something for everyone at Milken conference
A near-term recovery of the global economy was given no better than 50/50 odds by Mohamed El-Erian, CEO and co-chief investment officer of Pacific Investment Management Co. LLC during a packed session of the Milken Institute Global Conference.
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Sacramento County Employees pension fund taps Brandywine for global bonds
Sacramento County (Calif.) Employees' Retirement System hired Brandywine Global Investment Management to run a global fixed-income portfolio, according to recently released minutes of the April 17 board meeting.
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High-yield bond returns continue to climb in 2013
Despite concerns about limited potential for price appreciation and skepticism that high-yield bonds would be able to repeat the stellar returns from 2012, the asset class has continued to post strong returns in 2013. Through May 8, the iBoxx Liquid $ High Yield index is up 5.13% year to date; last
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Gottex, Astmax to offer absolute-return strategies to Japanese institutional investors
Gottex Fund Management and Tokyo-based Astmax Asset Management announced Thursday an agreement to work together to provide institutional investors in Japan with absolute-return-focused investment strategies, including hedge funds and multiasset approaches.
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Fixed income still important in DC plan design
Despite the low returns in fixed income, the asset class is still an important part of a defined contribution plan's core menu, Dan McManus, supervisor of pensions and investments for the Air Line Pilots Association International, said in a recent Pensions & Investments interview.
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PIMCO still riding 'central bank wave'
It's time to take some risk off the table in anticipation of the day when central banks stop supporting asset prices and economies have to stand on their own, according to Mohamed El-Erian, chief executive and co-chief investment officer at Pacific Investment Management Co. LLC.
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Bond markets a time bomb, manager warns
Wilbur L. Ross Jr., chairman and CEO of WL Ross & Co., a subsidiary of Invesco, sees a “ticking time bomb” in the debt markets.
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Apple bonds expected to be part of major indexes
Barclays U.S. Aggregate, Standard & Poor's U.S. corporate and other major bond indexes are expected to include $14 billion of the $17 billion in bonds Apple Inc. sold Tuesday, said Colin Robertson, managing director-fixed income, Northern Trust Asset Management.
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Apple said to plan $17 billion bond offering in record U.S. sale
Apple Inc. is selling $17 billion of bonds in the biggest U.S. corporate offering on record.
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Analysis shows prospects for fixed-income markets are not so rosy
Generally, history provides useful lessons for the future. For fixed-income markets, however, the recent history is downright misleading. To wit, let us compare the total performance of equities, as proxied by the S&P 500 Total Return index, and fixed-income markets, as measured by the Barclays ...









