Watch breaking news videos and read news updates about Fixed Income on pionline.com
U.K.'s NEST taps Legal & General for short-term gilt allocation
trueNational Employment Savings Trust hired Legal & General Investment Management to run single-year maturity gilt allocations.
Chicago Municipal scouting for high-yield bond managers
trueChicago Municipal Employees' Annuity & Benefit Fund is searching for an active domestic high-yield fixed-income manager to run $100 million.
Hamden Employees looking for fixed income, international equity managers
trueHamden (Conn.) Employees' Retirement Plan is searching for a core or core-plus fixed-income manager to run about $30 million, and an international equity manager to run about $15 million.
Austin Firefighters corrals Loomis Sayles for core-plus fixed income
trueAustin (Texas) Firefighters' Relief & Retirement Fund hired Loomis Sayles to manage $40 million in active core-plus fixed income.
Nebraska Investment Council gives Neuberger Berman $625 million for core-plus bonds
trueNebraska Investment Council hired Neuberger Berman to manage a $625 million active domestic core-plus fixed-income portfolio.
Corporate bond universe growing 10% annually since financial crisis
trueThe amount of U.S. corporate debt outstanding grew 10% annually between 2007 and 2014, according to statistics released Thursday by Fitch Ratings. At the end of 2014, $3.7 trillion of U.S. corporate bonds were outstanding, up from $1.9 trillion in 2007.
Braintree Contributory searching for multisector fixed-income managers
trueBraintree (Mass.) Contributory Retirement System is seeking proposals from multisector fixed-income managers to run up to $17.3 million.
Credit's true role in asset allocation and portfolio construction
trueCredit markets have reached a critical mass in the U.S., with $14 trillion of assets now outstanding compared to the $18.8 trillion in total capitalization of U.S. public equity markets.
Louisiana Firefighters adds 5% allocation to absolute-return fixed income
trueLouisiana Firefighters' Retirement System, Baton Rouge, is creating a 5% target allocation to absolute-return fixed income following an asset allocation review.
Springfield police and fire pension fund hires long-duration bond manager
trueSpringfield (Mo.) Police Officers’ & Firefighters’ Retirement System hired Income Research & Management to run about $30 million in an active domestic long-duration fixed-income portfolio.
Berkeley Police/Fire pension fund looking to potentially replace PIMCO
trueBerkeley (Mo.) Police/Fire Employees Retirement System is searching for a domestic core or core-plus fixed-income manager to run $4.5 million.
New York State Common picks BlackRock for $2 billion unconstrained bond allocation
trueNew York State Common Retirement Fund made $2.55 billion in investments and commitments in January.
CFA Society of the U.K. members see developed markets equities as overvalued
trueDeveloped markets equities are overvalued, say a net 52% of U.K. respondents to a survey by the CFA Society.
Nevada Public Employees consolidates managers, goes all passive for U.S. bonds
trueNevada Public Employees' Retirement System, Carson City, has consolidated its domestic fixed-income portfolio, giving existing passive domestic core fixed-income managers Payden & Rygel and UBS Global Asset Management about an additional $3 billion each, said Stephen Edmundson, investment officer.
Citadel fixed-income manager leaves firm
trueMatthew Feldmann, a member of Citadel’s fixed-income team, left the firm.