News and video about Investing/portfolio strategies from Pensions & Investments
WAMCO mortgage/structured products co-head departs
truePaul Jablansky, co-head of the mortgage/structured products team at Western Asset Management Co., has left the company.
SSgA consolidates investment teams, makes leadership changes
trueState Street Global Advisors is combining different investment teams and announced a number of new leadership positions on Wednesday.
A note of caution on S&P 500 forward earnings
trueThe forward earnings of all three S&P market-cap indexes rose to record highs again last week. On a year-over-year basis, forward earnings for the S&P 500, S&P 400 and S&P 600 are up 5%, 7.7% and 9.3%, respectively. That's provided the underlying support for 22.8%, 28% and 30.4% year-over-year ...
Butler County, Pa., pension fund picks Vanguard for passive equities
trueButler County (Pa.) Employees' Retirement System hired Vanguard Group to run a total of $30 million in passive equities.
ETF sponsors getting active in bond space
trueWith interest rates rising and volatility increasing in fixed-income markets, exchange-traded-fund sponsors are looking to launch actively managed funds for bond investors.
Cincinnati Retirement System goes with Iridian for midcap value
trueCincinnati Retirement System hired Iridian Asset Management to run $90 million in active domestic midcap value equities.
Coral Gables Retirement System taps Northern Trust for international equity
trueCoral Gables (Fla.) Retirement System hired Northern Trust Global Investments to run $18 million in passive international equities.
Former UBS Global DC chief opens own firm
trueDrew Carrington has left his job as managing director and head of defined contribution and retirement solutions at UBS Global Asset Management to run his own firm consulting to defined contribution service providers.
West Midlands Pension Fund names 6 managers to list for emerging markets equity
trueWest Midlands Pension Fund, Wolverhampton, England, picked six managers for a pre-approved list to run an unconstrained, long-only emerging markets equities portfolio initially valued at £830 million ($1.3 billion), or about 8.5% of total assets.
John Bogle has already won
trueJohn Bogle, the 85-year-old founder of The Vanguard Group Inc., has been the most vociferous advocate against overpaying for investment management and, over the past 10 years, investors have shown that they have heard him loud and clear.
QMA raises equity allocations on strong GDP growth forecast
trueQuantitative Management Associates LLC, a unit of Prudential Financial Inc., is raising the weighting of its U.S. equity allocation in its portfolios to as much as 70%, boosted by a forecast of a rapidly accelerating GDP that could lead the Standard & Poor's 500 to rise 12% in total return next ...
Fuss: Rising rates can be positive for investors
trueInterest rates are going up this year, and that has Dan Fuss, vice chairman of Loomis Sayles & Co. LP, very hopeful about future bond returns.
Tennessee Consolidated adds Credit Suisse for strategic lending
trueTennessee Consolidated Retirement System, Nashville, hired Credit Suisse Asset Management to run $500 million in leveraged loans for the $36.6 billion pension fund's strategic lending program.
El Paso County Retirement Plan lassos PIMCO for unconstrained bonds
trueEl Paso County Retirement Plan, Colorado Springs, Colo., hired Pacific Investment Management Co. to run $5 million in an unconstrained bond strategy.
Louisiana Teachers expected to search for active domestic large-cap firm
trueLouisiana Teachers' Retirement System, Baton Rouge, is expected to approve a solicitation for proposals for a search for an active domestic large-cap value equity manager to run about $775 million at the pension fund's board meeting on July 9.