Minnesota State Board of Investment
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Minnesota investment board thinking outside 'boxes' with equity allocation
trueMinnesota State Board of Investment plans to look at broadening its investment approach to its 45% U.S. equity and 15% international equity target allocations to allow the board’s staff to look at global equity managers beyond its current style boxes.
Minnesota State Board reports 8.6% return for 2014
trueMinnesota State Board of Investment returned 2.5% on its combined fund investments in the fourth quarter and 8.6% for the year ended Dec. 31, vs. its respective 2.3% and 8.8% custom benchmark returns.
Minnesota earmarks $650 million for 7 alternatives funds
trueMinnesota State Board of Investment approved a total of $650 million in commitments to seven alternatives funds, subject to contract negotiations.
Minnesota PERA executive director to retire
trueMary Most Vanek, executive director of the $22.7 billion Minnesota Public Employees Retirement Association, St. Paul, will retire on Jan. 27.
Minnesota State Board chooses 5 transition managers
trueMinnesota State Board of Investment on Tuesday selected BlackRock, Citigroup Global Markets, Northern Trust Corp., Russell Investments and State Street Corp. as transition managers to be used on an as-needed basis.
Texas Teachers is top private equity performer — report
trueTexas Teacher Retirement System had the best 10-year annualized private equity returns among public pension funds for the end of fiscal year 2013, a report from the Private Equity Growth Capital Council said.
The Gross effect
trueMany asset owner clients of Pacific Investment Management Co. cited their long-term relationship with the firm — ties that go beyond co-founder and Chief Investment Officer William H. Gross — as a reason for not terminating the firm after Mr. Gross' unexpected move last month to Janus Capital ...
Minnesota State Board of Investment to add 3 investment positions
trueMinnesota State Board of Investment, St. Paul, on Thursday approved adding three investment positions, which would increase its investment staff to 15.
Minnesota State Board of Investment commits $500 million to three funds
trueMinnesota State Board of Investment, St. Paul, on Tuesday approved committing a total of up to $500 million to three alternatives funds, subject to negotiation and final agreements.
Minnesota bill set to merge Duluth teachers plan assets into state plan
trueA bill introduced in the Minnesota House of Representatives this week would merge the $210 million Duluth Teachers' Retirement Fund Association into the $18 billion Minnesota Teachers Retirement Association.
Minnesota State Board chooses Permira, Energy Capital Partners funds
trueMinnesota State Board of Investment, St. Paul, committed €150 million ($203 million) to European private equity fund Permira V and $200 million to Energy Capital Partners III, which invests in the North American energy market.
Minnesota College Savings Plan looking for 529 plan service provider
trueMinnesota College Savings Plan, St. Paul, is searching for a service provider for the $1.1 billion 529 plan.
Minnesota investment board posts 5.1% return in third quarter, 14.9% in year
trueMinnesota State Board of Investment's combined funds assets rose 4% in the quarter ended Sept. 30, to $54.2 billion.
Teachers at odds over merger with Minnesota pension plan
trueTwo local teachers pension plans in Minnesota, St. Paul Teachers' Retirement Fund Association and Duluth Teachers' Retirement Fund Association, are on opposing sides of a merger proposal with the state teachers plan.
Minnesota board names new executive director
trueMansco Perry III on Wednesday was named executive director of the $68.6 billion Minnesota State Board of Investment.