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Declining high-yield market making money managers nervous
trueMoney managers are getting worried about the global credit markets.
Ultrashort claims top 2 spots, but high yield maintains domination
trueHigh-yield strategies, along with ultrashort-duration strategies, dominated the list of top-performing fixed-income managers for the year ended Dec. 31, according to Morningstar Inc.'s separate account/collective trust database.
Kimberly-Clark plans continued move into bonds, contributions of up to $200 million
trueKimberly-Clark Corp., Dallas, plans to move to a more conservative target asset allocation for its global defined benefits plans this year, raising fixed income to 70% and lowering equity to 30%, according to the company's 10-K filing released Friday.
Rising equities, low interest rates create split in derisking approaches
trueAn improvement in defined benefit plan funding has triggered a tension within corporations between an investment outlook to pursue rising equity markets and risk management in pursuit of better asset-liability matching in spite of low interest rates, said Michael A. Moran, pension strategist, ...
Weymouth Contributory looks for U.S. core-plus bond manager
trueWeymouth (Mass.) Contributory Retirement System is searching for an active domestic core-plus fixed-income manager to run up to $20 million.
El Paso Firemen & Policemen to search for bank loan, real asset managers
trueEl Paso (Texas) Firemen & Policemen Pension Fund will likely conduct shortlist searches for bank loans and real estate/real assets.
Investors shift record amounts from U.S. stocks to bonds
trueInvestors shifted record amounts out of U.S. stock funds and into bonds, while withdrawing money from emerging-market equities for a 15th straight week, according to Citigroup Inc.
Institutional investors worldwide to rework bond portfolios in 2014 — Casey Quirk, eVestment
trueInstitutional investors globally will look to restructure their fixed-income portfolios this year in response to rising interest rates, according to an annual forecast survey from Casey, Quirk & Associates and eVestment.
San Diego City Employees taps Investec for emerging markets debt
trueSan Diego City Employees' Retirement System hired Investec Asset Management to manage about $110 million in a new local currency emerging markets debt allocation, said Liza Crisafi, chief investment officer for the $6.3 billion pension fund.
El-Erian's exit yet another blow to PIMCO
trueThe unexpected announcement that PIMCO CEO and Co-Chief Investment Officer Mohamed El-Erian was resigning adds new problems for a firm already under stress.
New highs Down Under
trueAustralia's superannuation funds eclipsed A$1.6 trillion (US$1.4 trillion) in the fiscal year ended June 30, 2013.
Nevada Public Employees drops international bonds
trueNevada Public Employees’ Retirement System, Carson City, has eliminated its 5% target allocation to international fixed income.
Oklahoma Firefighters puts out call for bond, low-volatility managers
trueOklahoma Firefighters Pension & Retirement System, Oklahoma City, is searching for active core fixed-income and low-volatility hedge fund-of-funds managers to run $50 million to $70 million each.
Bloomberg launches U.S. Treasury Floating Rate Bond index
trueBloomberg is launching its U.S. Treasury Floating Rate Bond index, which will track the U.S. Treasury's new floating-rate securities.
Dukes County Contributory hunting for core bond manager
trueDukes County (Mass.) Contributory Retirement System is searching for a core fixed-income manager to run $12 million, according to an RFP posted on the website of Dahab Associates, investment consultant to the $95 million pension fund.