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Alternative Investments

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 ...

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 ...

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 ...

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 ...

Illinois TRS Ends BlackRock Mandate

March 1, 2010 - Due to poor investment performance, the roughly $32.1 billion Illinois Teachers’ Retirement System (TRS) has terminated BlackRock and placed five other managers on watch during its Feb. 25-26 Board of Trustees meeting. According to ...

Evercore Builds Out Fund Placement Biz

February 25, 2010 - Evercore Partners, the listed, New York-based investment bank, will absorb the fund placement unit belonging to Neuberger Berman. Evercore’s buy of the Neuberger Berman asset will result in its integration into the investment ...

Indiana PERF Goes on PE Spree

February 24, 2010 - The $14.2 billion Indiana Public Employees' Retirement Fund (PERF) approved a $150 million commitment to Prima Capital Advisors, a Scarsdale, N.Y.-based money manager, Jeffrey Hutson, Fund spokesperson told IMW. During the ...

Vermont Takes Stake in Hedge Funds

February 24, 2010 - In addition to issuing two new searches, the Vermont Pension Investment Committee (VPIC) has initiated its annual asset allocation review for the state’s three pension systems worth roughly $2.95 billion. The decisions were ...

Ohio Plan Commits to Hedgies

February 22, 2010 - In a move hoped to increase returns, the $9.3 billion School Employees’ Retirement System of Ohio (SERS) Board of Trustees approved four new hedge fund appointments worth roughly $120 million. According to Tim Barbour, SERS

Conn. Lawmakers Breathe Life into Hedge Fund Bill

February 22, 2010 - A Connecticut hedge fund transparency bill will see its re-birth this Thursday when a state General Assembly subcommittee will deliberate on the new piece of legislation that mirrors a 2009 Senate bill. On May 26, 2009 Senator Bob ...

Contra Costa to Hit Global Markets

February 19, 2010 - The Contra Costa County Employees’ Retirement Association (CCCERA) has approved a recommendation made by consultant Milliman that will find the plan placing more of its assets in global investments. Last month, ...

Virginia R.S. Makes Alts Commitment

February 19, 2010 - The $48.3 billion Virginia Retirement System (VRS) has committed more than $250 million to the Beach Point Capital Management (BPC) Opportunities Fund, Jeanne Chenault, retirement system spokeswoman, told IMW. At its Feb. 18 ...

Ohio PERS Gives Go-Ahead to Investment Proposal

February 18, 2010 - The Ohio Public Employees’ Retirement System (OPERS) Board of Trustees approved its “2010 Investment Plan,” which would effectively implement previously mandated asset allocations, and incorporate more internal ...

San Jose Takes on New Targets

February 12, 2010 - The San Jose Federated City Employees’ Retirement System approved a new asset mix yesterday, Ron Kumar, financial analyst at the fund told IMW. The fund’s portfolio will now include allocations of 49% equities, to consist ...

New Mexico PERA Preps Equity Searches

February 12, 2010 - The Investment Committee for the New Mexico Public Employees’ Retirement Association (PERA) approved recommendations at a Feb. 9 meeting that would reshape its domestic equity roster, Julian Baca, portfolio ...