News and video about Investing/portfolio strategies from Pensions & Investments
Detroit General Retirement System taps MacKay Shields for global high-yield bonds
trueDetroit General Retirement System hired MacKay Shields to run $65 million in global high-yield fixed income.
Lloyd George Management appoints chief investment officer
trueThomas Vester was named chief investment officer at Lloyd George Management, a boutique subsidiary of BMO Global Asset Management.
Fidelity Investments names new chief of fixed-income division
trueNancy D. Prior was named president of Fidelity Investments’ fixed-income division and vice chairman of subsidiary Pyramis Global Advisors.
Texas County & District tacks on $130 million total to 2 funds
trueTexas County & District Retirement System, Austin, made a follow-on commitment of $100 million to York Global Credit Income Fund, confirmed spokesman Russ Rhea.
New Mexico PERA waiting for asset allocation study before issuing RFP
trueNew Mexico Public Employees Retirement Association, Santa Fe, canceled an RFP for global tactical asset allocation or multiasset class managers, according to a public notice on the pension fund's website.
Polen Capital wants to go global with its large-cap growth equity strategy
trueDomestic equities specialist Polen Capital Management LLC is looking to launch a global strategy, the first in its 25-year history.
Los Angeles Fire & Police to interview 9 managers of emerging managers
trueLos Angeles Fire & Police Pension System's board will be interviewing all nine firms that responded to its domestic equity manager-of-emerging managers search, said Tom Lopez, chief investment officer of the $17.5 billion pension fund, in an e-mail.
Forward multiples exceed 2007 highs
trueThere are more hints of an inflated run-up in U.S. stock prices. That could be a more serious threat than any geopolitical blowup to my prediction that the secular bull market could run for another two years or longer. The forward valuation multiples of the S&P 500/400/600 are now at bull-market ...
NAPF chairman calls for U.K. to issue more long-term debt to meet pension fund demand
trueThe U.K. government must issue more long-term, index-linked debt to satisfy increasing demand from pension funds for these assets, said Ruston Smith, chairman of the National Association of Pension Funds.
Philadelphia Gas Works hunts for bond managers
truePhiladelphia Gas Works Retirement Reserve issued four RFPs for fixed-income managers.
eVestment: Ukraine crisis has limited impact on emerging markets fixed-income investors
trueThe crisis in Ukraine will likely not make a large impact on asset owners investing in emerging markets fixed income, according to data from eVestment.
Alternative strategies for investors to position their portfolios in a rising rates environment
trueFixed-income markets might be experiencing the calm before the storm. Rather than allowing complacency to creep in, following the normalization of markets after the significant sell-off in the second quarter of 2013, thoughtful investors should at least be thinking of how best to protect themselves ...
Medford Retirement Board seeks multisector bond manager
trueMedford (Mass.) Retirement Board is searching for a multisector fixed-income manager to run about $16.5 million.
Iowa Municipal Fire & Police chooses 4 finalists in GTAA search
trueIowa Municipal Fire & Police Retirement System, West Des Moines, named Pacific Investment Management Co., Schroder Investment Management, William Blair & Co. and Wellington Management as finalists in a search for a manager to run $100 million in a global tactical asset allocation strategy.
Torfaen County pension fund taps 2 for equities
trueTorfaen County Borough Council Pension Fund hired Invesco Asset Management to run £100 million ($167 million) in Asia-Pacific ex-Japan equities, and FIL Pensions Management to run £50 million in global emerging markets equities.