News and video about Investing/portfolio strategies from Pensions & Investments
IMRF boosts fixed income to trim equity overweight
trueIllinois Municipal Retirement Fund, Oak Brook, will move $475 million to three existing fixed-income managers as the $35.6 billion pension fund looks to reduce its 5.7-percentage-point overweight in U.S. equities.
St. Louis Firefighters to search for international equity manager
trueSt. Louis Firefighters' Retirement Plan will launch a search for an international equity manager to run about $7 million in the next week, an official said.
Tulare County selects 2 for core-plus fixed income
trueTulare County Employees' Retirement Association, Visalia, Calif., hired MacKay Shields and DoubleLine Capital as core-plus fixed-income managers to run about $50 million each, said David Kehler, retirement administrator, in an e-mail.
China opens door for state pensions to invest in domestic equities
trueChinese government officials on Friday said reforms approved earlier this month allowing state pension funds to invest a portion of their investment portfolios in risk assets for the first time could affect roughly 2 trillion renminbi ($314 billion) in pension assets.
Ohio Police & Fire to launch small-cap core equity search
trueOhio Police & Fire Pension Fund will launch a search next week for an active domestic small-cap core equity manager to run $225 million.
Sarasota Firefighters brings on Renaissance for large-cap growth equity
trueSarasota (Fla.) Firefighters’ Pension Fund hired Renaissance Investment Management to run $9 million in active domestic large-cap growth equities.
Memphis Light, Gas & Water goes with OFI Global for international equities
trueMemphis Light, Gas & Water Division hired OFI Global Asset Management to run $26 million in active international small-cap equities.
Angelo, Gordon adds head of credit
trueJoshua S. Baumgarten will join Angelo, Gordon as senior managing director and head of credit.
San Bernardino County commits to credit fund
trueSan Bernardino County (Calif.) Employees’ Retirement Association committed €25 million ($28.5 million) to the Alcentra Strategic Credit Fund.
Spokane Employees conducting invitation-only international small-cap search
trueSpokane (Wash.) Employees’ Retirement System is conducting an invitation-only search for an active international small-cap equity manager.
San Luis Obispo County taps 2 large-cap equity managers
trueSan Luis Obispo County (Calif.) Pension Trust hired Boston Partners and Loomis Sayles as domestic large-cap equity managers.
Bond market relatively untouched by equity sell-off — S&P Dow Jones
trueBond markets around the world have survived the great fall of China relatively unscathed, despite the global equity sell-off of the last few days.
European equities battered in August, but still up for year
trueEuropean equity markets have been swimming in a sea of red this month. They are down 16% from their recent 12-month highs, as measured by the Euro Stoxx 600.
Currency turmoil a conundrum for investors
trueThe strengthening U.S. dollar, diverging central bank policy and a continued search for returns have pension fund executives grappling with both sides of the coin when it comes to currency.
More fallout likely after China's renminbi move
trueChina's Aug. 11 decision to give markets a bigger role in setting the renminbi's value against the dollar hasn't led to the currency war some feared, but it sets the stage for a pickup in capital markets volatility in Asia that could ultimately benefit managers of active investment strategies.