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Russell Investments selects head of currency and fixed-income strategy
trueVan Luu joined Russell Investments as head of currency and fixed income strategy.
Kansas City Public School plan calls on Brandywine for global bonds
trueKansas City (Mo.) Public School Retirement System hired Brandywine Global Investment Management to run a $30 million global fixed-income portfolio.
Invesco: Sovereign wealth funds likely to lower home-market bond holdings
trueBond markets across the globe look set to lose further favor with sovereign wealth fund investors as a net 47% say they expect to decrease their home-market bond exposures.
Goldman: Outsourced insurance assets market to grow 10% annually
trueGlobal outsourced insurance assets will reach $2.6 trillion by 2019, according to a Goldman Sachs presentation Tuesday at the Deutsche Bank Global Financial Services Investor Conference.
New Mexico PERA earmarks up to $560 million for 4 managers
trueNew Mexico Public Employees Retirement Association hired four managers to run emerging market equities, high-yield fixed income and alternatives portfolios.
Texas Municipal taps 2 for emerging markets debt
trueTexas Municipal Retirement System, Austin, hired BlueBay Asset Management and AllianceBernstein to run about $240 million each in emerging markets debt
Ohio School Employees signs Western Asset for high-yield credit energy strategy
trueOhio School Employees Retirement System, Columbus, hired Western Asset Management Co. to run $50 million in a high-yield credit energy strategy.
Investors pushing out of peripheral European bonds to safety of Germany, France
trueContinued uncertainty related to Greece’s ability to meet loan obligations, a potential exit from the eurozone and worries of a contagion effect to Spain has pushed investors to sell out of peripheral European bonds and opt for German and French government bonds.
Atlanta General Employees taps emerging markets equity, global bond managers
trueAtlanta General Employees’ Pension Fund hired EARNEST Partners to manage a $37 million active emerging markets equity portfolio and Colchester Global Investments to manage a $74 million global fixed-income portfolio.
Cambridge Retirement seeks high-yield bond manager
trueCambridge (Mass.) Retirement System is searching for a manager to run about $55 million in a conservative high-yield fixed-income portfolio.
Firms large and small benefit from PIMCO's problems
trueBoth large and small fixed-income managers benefited from the turmoil at PIMCO in 2014 as institutional investors moved assets out of the bond giant and into core-plus strategies run by other firms, Pensions & Investments data and interviews show.
Caution flag raised on unconstrained strategies
trueUnconstrained fixed-income strategies, while popular with institutional investors as a way to reduce interest-rate risk and remove benchmark constraints, could be exposing investors to a whole new set of risks, industry experts say.
Greece becomes roadblock for European investment
trueMounting tensions over the situation in Greece and the potential for a default or exit from the eurozone are in part holding back institutions from investing in an otherwise positive story for Europe.
Woburn Retirement seeking high-yield bond, U.S. large-cap core equity managers
trueWoburn (Mass.) Retirement System is searching for a high-yield bond manager to run up to $6.5 million and a passive U.S. large-cap core equity manager to run about $11.6 million for the $130 million pension fund.
Mercer: U.S. fixed-income searches on the rise; equities continue decline
trueU.S. fixed income was the most popular asset allocation search by investors across the globe in 2014, while demand for equities managers continued to dwindle, said a new report from Mercer.