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Fixed-Income

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 ...

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 ...

BlackRock, SSgA Win Ohio BWC Mandates

March 1, 2010 - The $19.1 billion Ohio Bureau of Workers’ Compensation (BWC) Board of Directors approved the hiring of State Street Global Advisors (SSgA) and BlackRock Institutional Trust Company as new passive index managers for two of its internal funds. During ...

LASERS Leaves TCW Behind

March 1, 2010 - After three months of discussion, the $7.6 billion Louisiana State Employees’ Retirement System (LASERS) Board of Trustees and its Investment Committee decided to terminate The TCW Group, system CIO Bobby Beale told IMW. On ...

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 ...

Oklahoma PERS Wraps TIPS Search

February 26, 2010 - The Oklahoma Public Employees’ Retirement System (OPERS) has selected BlackRock Institutional Trust Company to oversee a passive Treasury Inflation-Protected Securities (TIPS) ...

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 ...

TCW’s Fee Offer is One Some Investors Can’t Refuse

February 23, 2010 - Despite losing nearly $1.3 billion worth of business for two of its institutional distressed debt funds, The TCW Group is looking at a measure to cut fees and retain clients for the funds as the glass being more than half full. Previously, ...

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 ...

LASERS Sticks it Out with TCW…For Now

February 16, 2010 - The $7.8 billion Louisiana State Employees’ Retirement System (LASERS) continued to discuss and review its current $500 million relationship with The TCW Group in light of recent structural changes the firm has undergone. At its ...

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 ...

SWIB To Pursue New Allocations

February 12, 2010 - As part of last month’s decision to slash risk and increase leverage, the State of Wisconsin Investment Board (SWIB) voted to create a new Treasury Inflation-Protected Securities (TIPS) asset class at its Feb. 10 trustees meeting. In a ....

Mass. PRIM Caps Manager Assets

February 3, 2010 - The trustees for the Massachusetts Pension Reserves Investment Management Board (PRIM) approved a “manager sizing policy” yesterday that will “prudently protect the assets” of the $42.6 billion Pension Reserves Investment ...

New York Teachers Continue on PE Spree

February 1, 2010 - The roughly $68 billion New York State Teachers’ Retirement System (NYSTRS) continued its private equity investment trend from October, and recently made two more commitments totaling more than $90 million. According to ...

New Hampshire Takes Action with TCW

February 1, 2010 - The New Hampshire Retirement System’s (NHRS) Investment Committee has removed The TCW Group from its investment roster and allocated the assets among its fixed-income portfolio. According to its Jan. 22 Investment ...