State of Michigan Retirement Systems
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P&I's asset allocation analysis
Pensions & Investments recently partnered with sister publication Crain's Detroit Business on a research project. The project analyzes past, present and future asset allocations and exposures to alternative investments by institutional investors in Michigan and the U.S. Click here for the full
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Michigan Municipal Employees names new CEOChristopher DeRose was named CEO of the $7 billion Michigan Municipal Employees' Retirement System.
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Strapped state pension funds take scalpel to COLAs for reliefState pension plan executives and state legislatures are increasingly turning their attention to retiree cost-of-living adjustments as a way to get immediate and dramatic results in retirement system reforms.
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Michigan to invest in 2nd Czech Asset Management fund
Michigan Bureau of Investments committed $250 million to hedge fund manager Czech Asset Management's second direct lending fund, to be launched later this year.
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Michigan Retirement Systems nears end of developed markets small-cap hunt
State of Michigan Retirement Systems later this month plans to complete an invitation-only search for an active developed markets small-cap equity manager.
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Michigan Retirement Systems invests, commits $1.685 billion
State of Michigan Retirement Systems, Lansing, invested or committed a total of $1.685 billion to international equity, private equity, hedge fund and infrastructure strategies since Sept. 30, confirmed Terry Stanton, a spokesman for the $48.1 billion retirement systems, in an e-mail.
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Michigan unions sue to halt mandated DB-or-DC choice
A new Michigan law requiring state employees to either contribute 4% of pay to the $9.1 billion Michigan State Employees' Retirement System, Lansing, or join a defined contribution plan is unconstitutional because the state Legislature overstepped its authority in passing the law, according to a ...
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New 457 plan started for Michigan government workers
Michigan Municipal Employees' Retirement System created a supplemental 457 plan for employees of the $6.9 billion system's member counties, cities, townships and other municipalities.
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Michigan Muni goes unconstrained on global stock mandate
Michigan Municipal Employees’ Retirement System, Lansing, is searching for a money manager to run 5% of plan assets, or about $345 million, in an unconstrained opportunistic active global equity mandate, Jeb Burns, chief investment officer, said in an interview. The investment will be the first
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Michigan contributing to small-business mezzanine fund
Michigan Retirement Systems, Lansing, will invest $35 million in the InvestMichigan! Mezzanine Fund, a public-private partnership to fund small businesses based in the state. The fund is the first one licensed through the U.S. Small Business Administration’s new Impact Investment Initiative, in
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NEWS BRIEFS: Mass PRIM drops GSAM from $1.2 billion portfolio
Illinois SURS adds $75 million to manager development program Michigan sues Tyco over accounting practices PBGC premium hike, savings accounts in 2009 budget North Carolina employee group files suit against Moore Florida hires recruiter to search for executive St. Louis tax hike money to go to
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People
Jon Braeutigam was named deputy state treasurer and CIO of the $63 billion Michigan State Retirement Systems, East Lansing, spokesman Terry Stanton said in an e-mail. Mr. Braeutigam had been acting CIO since Jacqueline Jones retired in summer. Mr. Braeutigam was administrator of the state's real
