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Texas Employees moves to revamp fixed-income portfolio
trueEmployees Retirement System of Texas, Austin, is radically revamping its $7 billion fixed-income portfolio, bifurcating strategies into different portfolios with different return expectations.
Barclays U.S. Aggregate suffers worst monthly loss since financial crisis
trueThe Barclays U.S. Aggregate index fell 1.78% in May - its biggest drop since October 2008, when the index lost 2.36% as the U.S. credit crisis was beginning to unfold. The yield on 10-year U.S. Treasuries rose 46 basis points in May on uncertainty about the Federal Reserve slowing its purchases of ...
Northern Trust: U.S. equities drive institutional funds up 4.3% in 1st quarter
trueThe median institutional fund in the Northern Trust Universe returned 4.3% in the first quarter, driven primarily by U.S. equity markets.
Ohio highway system seeks non-traditional fixed–income managers
trueOhio State Highway Patrol Retirement System, Columbus, is searching for a non-traditional fixed-income manager to run $10 million to $30 million.
Chicago police pension fund to search for bond managers
trueChicago Policemen's Annuity & Benefit Fund will conduct searches over the summer for global multisector and unconstrained multisector/absolute-return fixed-income managers.
Casey Quirk: U.S. investors will dump $1 trillion of bonds in next few years
trueU.S. investors will pull an estimated $1 trillion — or 13.5% of U.S. assets professionally managed in fixed income — out of core, core-plus, government and fixed-income index funds over the next three to five years because of fears over rising interest rates, according to Casey, Quirk & Associates.
Iowa Public Safety Peace Officers snags Lord Abbett for bonds
trueIowa Public Safety Peace Officers’ Retirement, Accident and Disability System hired Lord Abbett to manage $25 million in core-plus fixed income.
Overseas investments notch solid growth for year
trueInternational investments rose a solid 17% to $1.533 trillion at year-end 2012, according to Pensions & Investments' annual survey of the largest money managers of U.S. institutional assets.
Oklahoma Firefighters picks 2 for first private debt commitments
trueOklahoma Firefighters Pension and Retirement System, Oklahoma City, committed $40 million each to private debt funds managed by Garrison Investment Group and Medley Private Debt Group.
Erie County recommends 2 for bonds and bank loan fund
trueErie County (Pa.) Employees' Retirement System recommended hiring Boyd Watterson Asset Management and PNC Bank to run a total of about $11 million in active domestic intermediate-duration fixed income.
$9 trillion market not many institutions know about
truePending Basel III regulations could move trade finance and its $9 trillion market into the sights of institutional investors.
Florida's Orange County considers Vanguard international bond fund for 457 plan
trueOrange County Section 457 Deferred Compensation Plan will add the Vanguard Total International Bond Index Fund, if an advisory committee recommendation is accepted by County Comptroller Martha O. Haynie.
Manulife recruits 2 emerging markets debt specialists from Federated
trueRoberto Sanchez-Dahl and Paolo H. Valle were named managing directors and senior portfolio managers of the $2.35 billion John Hancock Emerging Markets Debt strategy, at Manulife Asset Management.
Hedged global bonds could be answer to DC volatility problem
trueMany defined contribution plan sponsors are seeking solutions aimed at reducing undue volatility — excess volatility without a commensurate increase in return — that can prevent a plan and its participants from achieving their long-term objectives. Our research suggests hedged global bonds may be ...
Something for everyone at Milken conference
trueA near-term recovery of the global economy was given no better than 50/50 odds by Mohamed El-Erian, CEO and co-chief investment officer of Pacific Investment Management Co. LLC during a packed session of the Milken Institute Global Conference.