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PSERS Tweaks Targets

March 12, 2010 - Upon recommendation of its investment consultant Wilshire Associates and staff, the $46.7 billion Pennsylvania Public School Employees’ Retirement System (PSERS) Board of Trustees moved to adopt minor changes to its asset ...

Imperial County Drops Victory

March 12, 2010 - The roughly $400 million Imperial County Employees’ Retirement System (ICERS) has removed Victory Capital Management from its roster, according to the plan’s Web site. Recently posted minutes of ICERS’ Feb. 17 ...

Kern County Places Northern Trust on Hot Seat

March 12, 2010 - The Kern County Employees’ Retirement Association (KCERA) Board voted to place the Northern Trust Company on watch at a meeting earlier this week. Carolyn Tilton, administrative coordinator at the California system, told ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

Ohio Guns and Hoses Mixes Things Up

February 25, 2010 - The $10.3 billion Ohio Police and Fire Pension Fund (OP&F) Board of Trustees decided to make some “levered” changes to its asset allocation mix in order to reduce risk, fund spokesperson David Graham told IMW. 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 ...

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, ...

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 ...