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Draghi's latest pledge pushes yields closer to zero
trueAmong the most breathtaking moves attributable to central bank intervention is the plunge in bond yields, especially in the eurozone. The Spanish and Italian 10-year government bond yields are both down to 1.15% from peaks of 7.61% and 6.61%, respectively, on July 24, 2012 -- just before European ...
Sonoma County Employees picks Neuberger Berman for unconstrained bonds
trueSonoma County Employees’ Retirement Association hired Neuberger Berman to run a $65 million unconstrained fixed-income portfolio.
Knoxville moves into global bonds, goes passive on large-cap growth equity
trueKnoxville (Tenn.) Pension Fund hired Standish Mellon Asset Management to run a $27 million global fixed-income portfolio.
Alexandria fire and police pension fund searching for international bond manager
trueAlexandria, Va., is searching for an international or global fixed-income manager for its Firefighters and Police Officers Pension Plan.
Top Philippine pension fund seeks higher equity allocation as bonds sink
trueGovernment Service Insurance System, with 860 billion Philippine pesos ($19.4 billion) of investible funds, plans to ask its board to raise the cap on equities to 30% of assets from 20%.
Indiana Public Retirement hires 2 for credit allocations, terminates 4 equity managers
truendiana Public Retirement System hired active fixed-income managers Oak Hill Advisors and Oaktree Capital Management to run $250 million and $100 million, respectively, in credit strategies.
BlackRock: Flows into high-yield ETFs pick up in 2015
trueFlows into high-yield corporate bond ETFs in the first two months of 2015 have already surpassed full-year inflows of the past two years, according to BlackRock's monthly ETF Landscape report.
Investors sticking with emerging markets debt
trueInstitutional investors are still turning to emerging markets debt for higher yields, despite downgrades on Russian sovereign and corporate bonds that forced some indexes to remove certain bonds.
Japan Post shakeup could be big win for bond firms
trueJapan Post Bank Co. Ltd., a government-owned behemoth with assets of more than ¥200 trillion, is pursuing an extreme makeover of its institutional investment capabilities to grease the skids for its initial public offering later this year.
London Pensions Fund Authority narrows credit search to 4 managers
trueLondon Pensions Fund Authority has narrowed a search for money managers to run an alternative credit portfolio to four firms.
Sector correlations to Treasury yields during the current bull market
trueSince the bull market began in March 2009, weekly stock prices of seven S&P 500 companies have been negatively correlated with 10-year U.S. Treasury yields. Not surprisingly, the overwhelming majority (six of the seven companies) are utilities.
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.