News and video about Investing/portfolio strategies from Pensions & Investments
VIX futures flatten after wild ride
trueThe VIX fell 25.8% this week as volatility appeared to recede from U.S. equity markets. The S&P 500 gained 3.2% this week and has risen 5.5% since bottoming on Oct. 15. The VIX eclipsed 30 on an intraday basis on Oct. 15 and has steadily fallen since, to 16.35 at the close of markets Friday.
Stamford Firefighters taps Glovista for emerging markets equities
trueStamford (Conn.) Firefighters’ Pension Fund hired Glovista Investments to manage $7 million in active emerging markets equities, said John Beirne Jr., founder and chief investment officer of Beirne Wealth Consulting, the pension fund's investment consultant.
SSgA's assets down 2.4% in quarter, up 8% for year
trueState Street Global Advisors had $2.421 trillion in assets under management as of Sept. 30, down 2.4% from three months earlier but up 8% from a year ago, said parent company State Street Corp.'s earnings announcement Friday.
Hawaii Employees OKs real estate, infrastructure commitments
trueHawaii Employees' Retirement System, Honolulu, approved $105 million total in real estate commitments and a $50 million infrastructure commitment, said Vijoy Chattergy, chief investment officer.
Canadian pension funds return 1.1% in quarter on foreign currency gains
trueCanadian defined benefit plans in the RBC Investor & Treasury Services universe returned 1.1% in the third quarter and 8.6% for the first nine months of 2014.
Amundi Smith Breeden going global after merger
trueAmundi Smith Breeden LLC has been in growth mode in the year since its creation from the acquisition by Paris-based Amundi of U.S. fixed-income specialist Smith Breeden Associates.
SSgA appoints chief portfolio strategist
trueLori Heinel was named chief portfolio strategist at State Street Global Advisors.
BNP Paribas hires equities director for institutional business
trueGuy Davies joined BNP Paribas Investment Partners as director-equities in its institutional business unit.
Northern Trust AUM dips for quarter, rises 9.1% for year
trueNorthern Trust Corp. reported total assets under management of $923.3 billion as of Sept. 30, a 0.1% decrease from three months earlier but up 9.1% from a year earlier, said its third-quarter earnings release Wednesday.
San Jose Police & Fire moves away from international small cap
trueSan Jose (Calif.) Police & Fire Department Retirement Plan approved transferring $245 million to a different Northern Trust Asset Management passive strategy to reduce the plan’s exposure to international small-cap equity and increase exposure to international large-cap equity.
Global, diversified managers in best position moving forward — report
trueImprovements in technology and regulatory reform have made geographical constraints even less of an issue in terms of capital management, resulting in the asset management industry becoming more global, a recent report by Goldman Sachs said.
McKnight Foundation hires Mellon for carbon efficiency strategy
trueMcKnight Foundation, Minneapolis, hired Mellon Capital Management to run $100 million in a U.S. equity carbon efficiency strategy.
AP2 to divest from coal, oil and gas companies
trueAP2, Gothenburg, Sweden, is to divest from coal and oil and gas production companies to reduce its financial risk in fossil-fuel-based energy, said a spokeswoman.
LACERS preps asset-liability study
trueLos Angeles City Employees’ Retirement System expects to launch an asset-liability study next winter, minutes of the Sept. 23 board meeting show.
Ormond Beach pension plans hire Apex for smidcap growth
trueOrmond Beach (Fla.) General, Police & Fire Pension Plans hired Apex Capital Management to run $5 million in active domestic smidcap growth equities, said Kelly A. McGuire, the city’s finance director.