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Penn SERS Puts $40M in Private Equity

March 10, 2010 – The $24 billion Pennsylvania State Employees’ Retirement System (SERS) Board of Trustees approved two private equity investments worth roughly $40 million.

• Cincy Pulls Back on Two Mandates
• Altrius Capital to Pursue Institutional Investors
• Former CIO of New York Common Fund Pleads Guilty
• Alpine Capital Hires Marketer

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Portfolio Advisors Makes Roster at LAFPP

March 8, 2010 – The $12.5 billion Los Angeles Fire and Police Pensions (LAFPP) has refreshed its private equity portfolio with the selection of Portfolio Advisors, confirmed Michael Perez, general manager at the plan. The search is the result of a ...

FDIC Asks Public Funds to Buy Distressed Assets

March 8, 2010 – The Federal Deposit Insurance Corporation (FDIC) is looking to market distressed bank holdings to U.S. public pension funds, numerous news outlets reported earlier today. According to sources familiar to the situation, ...

Fresno County Growth Search Moves Along

March 5, 2010 – The $2.5 billion Fresno County Employees’ Retirement Association (FCERA) has three firms in mind in the event the board decides to remove large-cap growth manager INTECH Investment Management from its roster. Roberto ...

Mass. Senators Back PERAC

March 5, 2010 – Thanks to the advent of two new legislative bills, the Massachusetts Public Employee Retirement Administration Commission (PERAC) may have some political company in its attempts to remove Timothy Bassett as the ...

West Virginia Plan Loses Director

March 4, 2010 – After more than four years of service to the West Virginia Consolidated Public Retirement Board (CPRB), Executive Director Anne Lambright will be stepping down, citing health reasons. During yesterday’s CPRB meeting, Lambright ...

Ohio PERS Takes Issue with Permira over Hugo Boss

March 3, 2010 – The $68 billion Ohio Public Employees’ Retirement System (OPERS) joined the revolt of its fellow Ohioans yesterday after it voiced “concerns” regarding the April 27 closure of a local Hugo Boss plant and its investments with the ...

Oklahoma Muni. Plans for Search, Hires Managers

March 3, 2010 – The Oklahoma Municipal Retirement Fund (OMRF) has selected two new international equity managers for its roster, ending a relationship with incumbent GMO, said a source familiar with the situation. At an investment/finance ...

West Virginia Looks for Alts Pro

March 3, 2010 – The West Virginia Investment Management Board (WVIMB) is looking to add an alternative investment analyst to its staffing roster. A recent posting on the state’s investment agency Web site indicates that the new staffer will ...

Bill Could Revise Florida SBA Board

March 2, 2010 – A new bill currently being discussed in Florida’s state legislature could possibly remove the Attorney General from the State Board of Administration’s (SBA) three-member Board of Trustees. Senate Bill 650 “proposes an amendment ...

New York Common Fund Lets Go of Three

March 2, 2010 – The roughly $129 billion New York State Common Retirement Fund (CRF) started the year off with a bang and let go of three equity firms last month accounting for a total of $864 million. According to the CRF’s January 2010 pension ...

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