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Illinois State Universities hires 4 emerging markets debt managers
trueIllinois State Universities Retirement System hired BlueBay Asset Management, Prudential Fixed Income, Colchester Global Investors and Progress Investment Management to manage a total of $520 million in emerging markets debt.
Chicago Metropolitan Water fund names 4 finalists for global bond search
trueChicago Metropolitan Water Reclamation District Retirement Fund named four finalists in its search for active global fixed-income managers to run $50 million each.
Nashville & Davidson County earmarks $75 million for distressed debt, long/short equity
trueNashville (Tenn.) & Davidson County Metropolitan Government Employee Benefit Trust Fund committed $50 million to Oaktree Opportunities Fund X, a distressed debt fund managed by Oaktree Capital Management.
Denver Employees slates $25 million for real estate debt fund
trueDenver Employees Retirement Plan committed $25 million to Contrarian Distressed Real Estate Debt Fund III, managed by Contrarian Capital Management.
Money manager group calls for European high-yield market guide revamp
trueA group of 21 global managers believe Europe’s high-yield market needs a revamp, referring to the U.S. for comparison and inspiration.
State Street Investor Confidence index falls 1.3% in February
trueState Street's Investor Confidence index dipped 1.3% in February to 105.2, its lowest level since December 2013.
Why have bond yields rebounded?
trueThe 10-year U.S. Treasury bond yield is up to 2.13% on Feb. 20 from this year's low of 1.68% on Feb. 2. It started the year at 2.17%. What happened to trigger such a fast and nasty reversal? Here is a partial list:
T. Rowe pushing against passive headwinds
trueT. Rowe Price Group Inc. has suffered heavy outflows and client terminations during the past two years from asset owners reducing their U.S. equity exposure and/or seeking passive strategies.
Emerging managers finding more opportunities coming from institutions
trueInstitutional investors are increasing their interest in emerging money managers as they seek diversity and new talent for their roster.
Corporate pension funds weigh derisking vs. re-risking
trueCorporate plan sponsors on both sides of the Atlantic are pushing back against the ramifications of lower interest rates, tipping a balance to re-risking from a derisking glidepath, say money managers, consultants and strategists.
AP2 returns 13.3% in 2014
trueAP2 saw its assets grow to 293.9 billion Swedish kronor ($35 billion) in the year ended Dec. 31, on the strength of a total return of 13.3%, a news release said.
Kimberly-Clark continues move to fixed income, sets pension contributions of $100 million
trueKimberly-Clark Corp., Dallas, will increase its fixed-income allocation by five percentage points to 75% in 2015.
Connecticut conducting high-yield debt search, mulls real estate investments
trueConnecticut Retirement Plans & Trust Funds is searching for high-yield debt managers.
Legal & General hires senior portfolio manager for fixed income
trueOmar Saeed was appointed senior portfolio manager within Legal & General Investment Management’s fixed-income team.
Arrowpoint adds 2 for direct lending
trueMichael Novoseller and Vipul Shah were named managing directors at Arrowpoint Partners.