Massachusetts Pension Reserves Investment Management Board
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J.P. Morgan record $13 billion mortgage pact will benefit U.S. pension funds
trueJ.P. Morgan Chase & Co. reached a $13 billion deal with the Justice Department that ends probes into the bank's sale of mortgage bonds, the largest amount paid by a financial firm in a settlement with the government.
MassPRIM taking closer look at cost structure
trueThe Massachusetts Pension Reserves Investment Management Board launched the first phase of a cost-saving and return-enhancing program that follows in the footsteps of public funds from other states that, in turn, are following in the footsteps of several Canadian plans.
MassPRIM selects new director of public markets
trueSarah Samuels was named senior investment officer, director of public markets and investment research, at MassPRIM.
MassPRIM to implement first phase of money-saving program
trueMassachusetts Pension Reserves Investment Management Board is entering the first phase of a program designed to reduce expenses and increase returns.
MassPRIM panel recommends $100 million for Cantab Capital hedge fund
trueMassachusetts Pension Reserves Investment Management's investment committee recommended the board commit $100 million to the CCP Core Macro Fund, a hedge fund managed by Cantab Capital Partners.
MassPRIM looks to keep BNY Mellon as custodian
trueMassachusetts Pension Reserves Investment Management Board, Boston, will vote next month on a recommendation to rehire BNY Mellon Asset Servicing as its master custodian.
Massachusetts bill would force MassPRIM to divest fossil fuel investments
trueThe Massachusetts Legislature held its first hearing this week on a bill directing the Massachusetts Pension Reserves Investment Management Board, Boston, to divest companies that produce, distribute and support fossil fuels.
Westfield Contributory seeks real estate manager
trueWestfield (Mass.) Contributory Retirement System is searching for a real estate investment manager to run $3 million to $5 million, according to a posting on the procurement website of the Massachusetts Public Employee Retirement Administration Commission.
MassPRIM to add non-core, international developed markets real estate
trueMassachusetts Pension Reserves Investment Management Board on Thursday approved adding non-core holdings and international developed markets investments to its 10% real estate allocation.
MassPRIM expected to hire 2 managers
trueMassachusetts Pension Reserves Investment Management Board, Boston, will consider hiring FIS Group to run $100 million in active international equities as part of the board's emerging manager-of-managers program, and Clifton Group to manage a cash overlay strategy.
MassPRIM executive brings real world to classroom
trueEric R. Nierenberg, who joined the Massachusetts Pension Reserves Investment Management board in November to oversee hedge fund and low-volatility investments, has been lauded for his work as an adjunct professor at the Brandeis University International Business School.
Pension funds look for risk protection without sacrificing returns
truePension funds want money managers to provide risk protection and higher returns at the same time.
22 MassPRIM staffers get raises
trueTwenty-two staff members at the Massachusetts Pension Reserves Investment Management Board, Boston, were given raises, according to a letter to the board.
MassPRIM makes $150 million in private equity commitments
trueMassachusetts Pension Reserves Investment Management Board, Boston, committed up to $150 million to two private equity managers.
Pension funds win $688 million settlement with Merck
trueMerck & Co. has agreed to a $688 million settlement in two combined class-action lawsuits led by public pension fund Mass PRIM and others.