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PIMCO adds global equity portfolio manager
trueGiles Money joined PIMCO as a senior vice president and portfolio manager focused on global growth equity strategies.
St. Louis Firefighters issues call for first global bond manager
trueSt. Louis Firefighters’ Retirement Plan is searching for its first active global fixed-income manager to run $10 million.
U.N. Joint Staff Pension Fund seeds low-carbon ETFs managed by BlackRock, SSgA
trueUnited Nations Joint Staff Pension Fund provided initial funding for two low-carbon exchange-traded funds, one launched by BlackRock and another by State Street Global Advisors.
Alaska Retirement board taps QMA, SSgA for $200 million each
trueAlaska Retirement Management Board hired Quantitative Management Associates to run $200 million in its market participation strategy.
AllianzGI promotes director to head new alternative investments global business
trueSpencer Rhodes was promoted to alternative investments global business manager at Allianz Global Investors.
Managers shifting to new reality of fixed income
trueThe fixed-income trading desks of larger money managers are setting prices of trades instead of discovering them while applying the electronic trading skills of their equity brethren to adapt to the changing nature of the secondary bond markets at a time of lower liquidity.
Airlines take off as oil plunges
trueThe Bloomberg World Airlines index has rebounded sharply from mid-October when global equity markets sold off. Since Oct. 13, the index is up 41.3%, posting a 39% return year-to-date through Dec. 4.
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.
SSgA hires head of European distribution
trueRory Tobin was named head of European distribution at State Street Global Advisors.
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.
Principal Financial appoints president to oversee all businesses
trueDaniel J. Houston was named president and chief operating officer of Principal Financial Group.
AutoNation adds 3 investment options, target-date funds
trueAutoNation Inc., Fort Lauderdale, Fla., is adding three investment options and a new target-date fund lineup, and removing four investment options and its company stock fund in its 401(k) plan following a review by the company’s benefits committee.
S&P Dow Jones Indices: Evidence supports Santa Claus rally is real
trueS&P Dow Jones Indices conducted an analysis to test the theory of a “Santa Claus rally” and found evidence supporting the phenomenon actually exists.
LGM taps new head of China equities
trueStephen Ma joined LGM Investments as head of Greater China equities and senior portfolio manager, a spokeswoman said.
Standard Life Investments boosts multiasset team
trueChris Faulkner-MacDonagh and Alex Wolf joined Standard Life Investments’ multiasset global strategy team, a spokeswoman said.