News and video about Investing/portfolio strategies from Pensions & Investments
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.
N.Y. Power taps 2 bond managers for Nuclear Decommissioning Trust
trueNew York Power Authority, White Plains, hired Garcia Hamilton & Associates and C.S. McKee as active core fixed-income managers for its $1.4 billion Nuclear Decommissioning Trust Fund, said Paul DeMichele, spokesman, in an e-mail.
Russell replaces PIMCO with Scout on 2 bond funds
trueRussell Investments has moved at least $2 billion that was managed by PIMCO in its multimanager strategies and funds, terminating the firm and replacing it with Scout Investments, filings and company statements show.
MSCI launches fossil-fuel free indexes
trueMSCI introduced Thursday a set of indexes excluding fossil-fuel companies.
Fort Lauderdale Police & Fire axes PIMCO
trueFort Lauderdale (Fla.) Police & Fire Retirement System terminated Pacific Investment Management Co. from a $37 million portfolio, said Frederick H. Nesbitt, director of public information.
Louisiana Municipal Police goes with Guggenheim for high yield
trueLouisiana Municipal Police Employees Retirement System, Baton Rouge, hired Guggenheim Investments to run between $50 million and $55 million in an active domestic high-yield bond portfolio, said Kelli Rogers, chief financial officer.
Laredo Firefighters replaces PIMCO with J.P. Morgan
trueLaredo (Texas) Firefighters’ Retirement System hired J.P. Morgan Asset Management to run about $12 million in core-plus fixed income, said Jaime Jasso, pension administrator.
IACPM: Credit default concerns rising outside North America
trueCredit portfolio managers are concerned about credit defaults potentially rising over the next 12 months, but see credit spreads remaining steady over the next three months, said a survey from the International Association of Credit Portfolio Managers.
Long bond yield continues to slide
trueThe yield on 30-year U.S. Treasuries continued to slide Wednesday, hitting an intraday low of 2.67% (a level not seen since August 2012) before rebounding to 2.84%.
Miramar Firefighters signs PNC for small-cap equity
trueMiramar (Fla.) Firefighters’ Pension Fund hired PNC Capital Advisors to manage about $5 million in active domestic small-cap core equities, said William Dahab, principal and director of research at Dahab Associates, the $99 million pension fund’s investment consultant.
Old Mutual Global Investors hires 6 from Ignis for absolute-return launch
trueOld Mutual Global Investors hired a team of six to launch and manage a set of absolute-return funds, said a spokeswoman.
UBS Global names U.S. senior asset allocation strategist from Mesirow
trueNathan Shetty was named U.S. senior asset allocation strategist at UBS Global Asset Management, an internal memo to employees obtained by Pensions & Investments said.
Calvert Investments names new CEO
trueJohn Streur Monday was named CEO of Calvert Investments.
Arkansas Teachers terminates $475 million PIMCO portfolio
trueArkansas Teacher Retirement System, Little Rock, terminated Pacific Investment Management Co., which managed about $475 million in its Total Return strategy for the pension fund, said George Hopkins, executive director.