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Texas Municipal Concludes Director Search

March 12, 2010 – After seven months of serving as the interim Executive Director to the $15.6 billion Texas Municipal Retirement System (TMRS), David Gavia received permanent distinction as the system’s chief earlier today.

• PSERS Tweaks Targets
• Imperial County Drops Victory
• Maryland Considers Biotech Pension Bill
• Kern County Places Northern Trust on Hot Seat

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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. Trustees agreed to make the follow-on investments to J.H. Whitney ...

Cincy Pulls Back on Two Mandates

March 10, 2010 – The $1.9 billion City of Cincinnati Retirement System cut $20 million in funding from two managers during an Investment Committee meeting last month. Fixed-income manager PIMCO is expected to manage half of the ...

Altrius Capital to Pursue Institutional Investors

March 10, 2010 – Altrius Capital Management launched an institutional investing division at the start of the year, an official at the 12-year old firm told IMW. Gian Russo, has been brought on to help the New Bern, N.C.-based firm break ground in...

Former CIO of New York Common Fund Pleads Guilty

March 10, 2010 – As New York Attorney General Andrew Cuomo’s investigation into the previous fraudulent inner-workings of the Office of the New York State Comptroller (OSC) inches forward, today’s guilty plea by former CIO David Loglisci ...

Milwaukee County Has Infrastructure in Mind

March 10, 2010 – The Milwaukee County Employees’ Retirement System (ERS) is planning to revamp its asset allocation strategy to include an increased dependency to infrastructure and real estate. According to the March 1 Investment Committee ...

Maylor to Head Essex Retirement System

March 9, 2010 – The Massachusetts Public Employee Retirement Administration Commission (PERAC) has selected a Swampscott Town Administrator to assume board chairmanship duties for the Essex Regional Retirement Board (ERRB) ...

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 ...

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