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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.
New Hampshire Retirement goes with Manulife for global bond strategy
trueNew Hampshire Retirement System hired Manulife Asset Management to run $200 million in an active global multisector fixed-income portfolio.
Austin Police Retirement collars Permal Group for hedge fund of funds
trueAustin (Texas) Police Retirement System hired Permal Group to manage $31 million in a hedge fund-of-funds fixed-income strategy.
All risks are not created equal
trueInvestors who have relied on quantitative easing as the basis for many of their investment decisions have been well-rewarded. But the times, and investors' views, are changing.
Cambridge Retirement System seeks first emerging markets debt manager
trueCambridge (Mass.) Retirement System is searching for an emerging markets debt manager to run about $30 million.
Chicago Metropolitan Water Reclamation District to add 2 bond managers
trueChicago Metropolitan Water Reclamation District Retirement Fund is searching for two active global fixed-income managers to run about $50 million each.
Imperial County in invitation-only search for new bond manager
trueImperial County Employees' Retirement System is conducting an invitation-only search for a domestic fixed-income manager to run $84 million.
Analysts say PIMCO could survive a further $350 billion asset drain
truePIMCO could withstand an asset drain of up to $350 billion in the next two to three years — about 10% to 15% of its total assets — before its portfolio management operations could be affected, analysts say.
BlackRock, TCW, others gaining from PIMCO turmoil
trueBlackRock, TCW, Vanguard, Baird Advisors and DoubleLine saw the largest inflows to their bond mutual funds in October, following William H. Gross' departure from PIMCO on Sept. 26, Morningstar Inc. reported.
Seattle pension fund considering adding unconstrained bond allocation
trueSeattle City Employees' Retirement System is considering adding an allocation to unconstrained fixed income following the completion of an asset-liability study.
Manchester Employees eyes bond allocation tweaks
trueManchester (N.H.) Employees’ Contributory Retirement System might increase its allocation to diversified fixed income and lower its allocation to emerging markets debt in 2015, said Gerard Fleury, executive director.
Consumer credit defaults tick up slightly in October
trueThe S&P/Experian Consumer Credit Default Composite index ticked up two basis points in October to 1.06%, its third consecutive monthly rise after hitting its all-time low in July.
Pioneer Investments recruits fixed-income client portfolio manager
trueCraig Anzlovar was named fixed-income client portfolio manager at Pioneer Investments.
Fresno City Retirement looking for private debt funds
trueFresno (Calif.) City Retirement Systems are searching for private debt senior direct lending managers to which the $2.5 billion pension fund can commit up to $100 million.
Direct-lending strategies poised for greater growth among institutional investors
trueSeventy-two percent of institutional investors recently surveyed by data provider Preqin said they expect to allocate fresh capital to direct-lending funds in the next 12 months. That amount is up from the current 55%.