Maryland State Retirement and Pension System, Baltimore, is searching for a general consultant for the Maryland Optional Retirement Program, confirmed Robert Burd, deputy chief investment officer. The $2 billion 403(b) plan does not now have a general consultant. The contract of its previous

A. Melissa Moye was named chief investment officer of the $36 billion Maryland State Retirement and Pension System, Baltimore, system spokesman Michael D. Golden confirmed. Ms. Moye, deputy treasurer for financial policy, has been acting CIO since the departure of Mansco Perry III , who left Oct.

Pension executives and money managers along the East Coast were preparing for Hurricane Irene on Friday as the Category 2 storm, with winds of 105 mph, was expected to make landfall in North Carolina on Saturday. The storm, which was downgraded from a Category 3 after it left the Bahamas, was

Pension funds should be prepared for long-term weakness, even if in the short term they take very defensive positions in portfolios and focus on protection of capital, instead of returns. “What pension funds should be concerned with is we are in a different (and) a weak market and economic regime

CalPERS, Texas Teacher Retirement System, BlackRock and 12 other pension funds and investment management companies are suing Bank of America and others, alleging securities fraud involving mortgage lending of B of A's Countrywide Financial business. The suit, filed Thursday in U.S. District Court

Maryland State Retirement & Pension System, Baltimore, returned 20.04% on its investments in its most recent fiscal year ended June 30, the system announced Thursday. The system had $37.5 billion in assets as of June 30. In the latest fiscal year, private equity — which now stands at 4.31% of

Updated July 21, 2011 The Maryland Court of Appeals on Wednesday ruled Milliman Inc. is liable for $73 million in damages for errors in actuarial calculations made for the $34.3 billion Maryland State Retirement & Pension System, Baltimore. The court found that Milliman, the system's actuary from

Maryland State Retirement & Pension System, Baltimore, today approved investing $500 million with T. Rowe Price for global equities, according to R. Dean Kenderdine, the system's executive director. The board of the $35.4 billion system also invested $500 million in a long-term global growth

R. Dean Kenderdine today was named executive director for the $35.4 billion Maryland State Retirement & Pension System, Baltimore, according to Anne Budowski, a spokeswoman for the system. Mr. Kenderdine has been interim executive director of the system since Thomas K. Lee left the post Sept. 5 to

The Maryland State Retirement and Pension System, Baltimore, hired Northern Trust Global Advisors to create a $350 million emerging manager-of-managers program, according to a news release from the $35 billion pension system. Funding will come from reducing existing portfolios; no managers will be

Nathan Chapman Jr., a former money manager who ran assets for the $34.4 billion Maryland State Retirement & Pension System, Baltimore, pleaded guilty Monday to fraud charges stemming from use of his investment company's funds for a real estate purchase, according to a news release from the office