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Mandate Wins

New Mexico PERA Considers Watch Listings

March 11, 2010 - The New Mexico Public Employees’ Retirement Association (PERA) will discuss making two additions to its manager watch list at a March 25 Board meeting, an official at the plan confirmed to IMW. Julian Baca, portfolio manager ...

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 ...

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 ...

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 ...

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 ...

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 ...

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) ...

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 ...

Idaho Endowment Goes Global

February 24, 2010 - The $1 billion Idaho Endowment Fund Investment Board (EFIB) has hired two global equity managers, wrapping a process that began in August 2009. Larry Johnson, manager of investments at the Boise fund, told IMW today ...

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

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 ...

City of Knoxville Gleans from Silchester

February 12, 2010 - The City of Knoxville Pension Board will fund a portion of its Acadian Asset Management’s emerging markets May mandate from a previous Silchester International Investors’ contract. According to the Jan. 14 Pension Board ...