News and video about Investing/portfolio strategies from Pensions & Investments
New York State Teachers increases investment with Donahue Schriber
trueNew York State Teachers’ Retirement System made an additional investment of $125 million to Donahue Schriber Realty Group.
Chicago Metropolitan Water pension fund wants U.S. large-cap, midcap equity managers
trueChicago Metropolitan Water Reclamation District Retirement Fund is searching for a passive domestic large-cap equity manager and passive domestic midcap manager to run about $95 million and $50 million, respectively.
Shell endorses shareholder proposal on climate risk disclosure
trueRoyal Dutch Shell PLC on Thursday endorsed a shareholder proposal at the company filed by a group of global pension funds and other institutional investors calling for more disclosure by the company on climate risk.
Investor group calls on oil, gas companies to cut spending on finding fossil fuels
trueA group representing institutional investors called for oil and gas companies to cut back on capital spent to search for more fossil fuels over concerns about climate change risk, return capital to shareholders and pursue more clean energy projects.
Hawaii Employees moving bond managers to new risk-based allocation
trueHawaii Employees’ Retirement System, Honolulu, is in the process of transitioning its fixed-income managers to two of its four new risk-based categories.
Clearbrook appoints head of hedged index strategies
trueManit Rye was named managing director and head of hedged index strategies at Clearbrook Global Advisors.
Climate change a risk, not an uncertainty
trueInvestors should no longer categorize the climate change issue as uncertainty, that is, an issue whose impacts can't be quantified. Rather it should be categorized as a risk, in which impacts, particularly of government intervention, can be estimated.
University of Maine System divesting from coal companies
trueUniversity of Maine System is divesting all direct holdings of coal companies in its various investment pools.
Fitch: U.S. high-yield default rate ended 2014 at 2.4%
trueThe default rate for U.S. high-yield issuers ended 2014 at 2.4%, up from 1.5% a year ago, according to Fitch Ratings. The firm noted that it was the fifth straight year the default rate was below its 35-year average of 4.1%.
FRR seeks corporate bond managers to run $9.6 billion
trueFonds de Reserve pour les Retraites is searching for one or more managers to run a combined €8.5 billion ($9.6 billion) in euro- and U.S. dollar-denominated corporate bonds.
Alcentra hires head of Americas
trueJack Yang was named head of the Americas at Alcentra, a BNY Mellon investment boutique that specializes in subinvestment-grade corporate credit.
Cambridge Retirement System seeks emerging markets, international equity managers
trueCambridge (Mass.) Retirement System is searching for an emerging markets equity manager to run about $100 million and a high alpha, concentrated international equity manager to run about $30 million.
Tallahassee replaces 2 domestic large-cap equity managers
trueTallahassee (Fla.) Pension Plan hired AJO and T. Rowe Price Group to manage about $100 million each in active domestic large-cap equities.
El Paso City Employees could change U.S. REIT portfolio to global strategy
trueEl Paso (Texas) City Employees’ Pension Fund is considering moving to a global real estate investment trust portfolio from its current $23 million domestic portfolio to improve diversification.
Group of 16 U.K. pension funds publish responsible investment guide
trueA group of 16 U.K. pension funds, representing more than £200 billion ($300.9 billion) of assets, has thrown its weight behind a new guide to responsible investment.