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      <title>Latest News Current Issue</title>
      <link>http://www.imweekly.com/news/index.html</link>
      <description></description>
      <language>en-us</language>
      <copyright>Copyright 2008 Investment Management Weekly. All rights Reserved.</copyright>
<managingEditor>editor@imweekly.com</managingEditor>
      <webMaster>webmaster@iproduction.com</webMaster>
      <pubDate>Thu, 03 Jul 2008 12:57:32 EDT</pubDate>
      <lastBuildDate>Thu, 03 Jul 2008 12:57:32 EDT</lastBuildDate>
      <generator>IPS - www.iproduction.com</generator>

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         <title><![CDATA[CalPERS Loses Corporate Governance Head ]]></title>
         <description><![CDATA[Dennis Johnson is leaving his role as director of corporate governance at the $235.6 billion California Public Employees' Retirement System (CalPERS) after three years in the position.  He was responsible for the plan's $7 billion corporate governance investment program and led a 17 person corporate governance team. He is joining Shamrock Holdings' Activist Value Fund as a managing director. …]]></description>
         <link>http://www.imweekly.com/news/183424-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Big Apple Funds In the Red]]></title>
         <description><![CDATA[New York City's five pension funds lost a total of $5 billion in the nine months leading up to March 31, according to a report released by the New York City Comptroller's office. It is predicted that if the plans do not recoup the losses by the end of the fiscal year, New York City will be faced with providing a bailout worth several billions of dollars. The New York City funds include the Teachers' Retirement System,…]]></description>
         <link>http://www.imweekly.com/news/183245-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[CalSTRS Loses Global Equities Head]]></title>
         <description><![CDATA[Eileen Okada will retire from her post as director of global equities at the $170 billion California State Teachers' Retirement System (CalSTRS) on Nov. 1. According to the fund's Web site, Okada had been on leave since March 28. She joined CalSTRS 36 years ago as an accountant. In the meantime, the plan's CIO Christopher Ailman will oversee the roughly $100 billion portfolio, which encompasses both U.S. and global equity. EFL Associates has been retained by the Sacramento…]]></description>
         <link>http://www.imweekly.com/news/183114-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[FBI Makes Subprime Arrests]]></title>
         <description><![CDATA[Former Bear Stearns hedge fund managers, Ralph Cioffi and Matthew Tannin were arrested and taken to a Brooklyn Federal court today. The charges are the first to come out of federal investigations of possible fraud on the part of banks and mortgage companies whose investments in subprime loans led to nearly $400 billion in losses for Wall Street. Allegedly, Cioffi and Tannin discussed the state of the hedge funds and acknowledged that they were in…]]></description>
         <link>http://www.imweekly.com/news/182879-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[City of Knoxville Creates New Allocations]]></title>
         <description><![CDATA[The $540 million City of Knoxville Pension Board will meet with consultant Dan Holmes of Summit Strategies next month to discuss ways to implement recently approved allocations, said Mike Cherry, executive director at the fund. Following the results of an asset/liability study, the plan decided to carve out allocations of 11% to portable alpha, 5.5% each to emerging markets equity and international small-cap equity and 5% each to private energy and private equity, Cherry said. Within…]]></description>
         <link>http://www.imweekly.com/news/182863-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Alaska Plan Eyes New CIO]]></title>
         <description><![CDATA[The Alaska Permanent Fund Corporation (APFC) is conducting an internal search for a new CIO to replace Richard Shafer, said Laura Achee, spokeswoman for the plan. She said that Shafer has decided to leave the fund. His last day will be July 30. The APFC board desires candidates with experience as either a CIO or senior member of a portfolio management team. Achee said that the board hopes to have the position filled by the fall.…]]></description>
         <link>http://www.imweekly.com/news/182837-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Iowa Regents Examines Assets]]></title>
         <description><![CDATA[The $1.8 billion Board of Regents for the State of Iowa is currently undergoing a review of its asset allocation, said Chief Business Officer Patrice Sayre. 'This is a formal review with our financial investment advisor, Wilshire Associates,' she said, adding that plan changes will be brought to the August Board of Regents meeting for discussion and anticipated approval. According to the minutes for the Regents April meeting, the board will consider increasing its investments in real…]]></description>
         <link>http://www.imweekly.com/news/182645-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Do-Over for Taunton's International Equity Search  ]]></title>
         <description><![CDATA[It's the second time around for the Taunton Retirement System as the plan has reissued an RFP for an international core equity mandate with emerging markets exposure, confirmed Paul Slivinski, executive director with the $190 million plan. The plan first launched the $13 million search in March (See IMW, 3/17/08). Slivinski explained that there was an issue with the minimum criteria, which caused the board to start from scratch and reissue the RFP. He explained…]]></description>
         <link>http://www.imweekly.com/news/182623-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Pa. County Plan Doubles Up on Hedge Funds  ]]></title>
         <description><![CDATA[The Susquehanna County Retirement Fund has increased its allocation to hedge fund investments to 10%, up from the previous 5% the plan had allotted to the asset class, said Cathy Benedict, county treasurer and retirement board member. Benedict said that the board agreed to the doubling of the hedge fund allocation after it was recommended by the plan's consultant, The Seneca Group. Seneca will present hedge fund recommendations to the board during its next quarterly report.…]]></description>
         <link>http://www.imweekly.com/news/182462-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Texas Plan to Add CIO Role]]></title>
         <description><![CDATA[The $1.7 billion City of Austin Employees' Retirement System (COAERS) will soon hire its first-ever CIO at the plan, said Stephen Edmonds, executive director at the plan. Edmonds explained that the board plans to conduct a search for the new position, however the details and timing of the search have yet to be completely finalized. According to the most recent financial summary on the plan's Web site, COAERS' asset allocation consists of 15.53% non-large-cap domestic stocks,…]]></description>
         <link>http://www.imweekly.com/news/182249-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Illinois TRS Expands Emerging Manager Program]]></title>
         <description><![CDATA[The Teachers' Retirement System of the State of Illinois (TRS) will be expanding its $500 million emerging manager program, said Eva Goltermann, spokeswoman for the $38.7 billion plan. The program, which had earlier encompassed only the public market asset classes, will now also include investments in private equity, real estate and absolute return. Goltermann noted that up to 10% of the program could go into private equity investments. 'TRS staff will take the lead in identifying…]]></description>
         <link>http://www.imweekly.com/news/182149-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[New Mexico Treasurer Seeks Investment Advisor]]></title>
         <description><![CDATA[The State of New Mexico State Treasurer's Office (STO) has issued an RFP for an investment management advisor to assist with a roughly $5 billion portfolio. ]]></description>
         <link>http://www.imweekly.com/news/181982-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[New York TRS Adds More PE, RE]]></title>
         <description><![CDATA[The $105 billion New York State Teachers' Retirement System (NYSTRS) has beefed up its holdings in private equity and real estate. At its meeting last month, the board voted to commit up to $50 million in Caltius Partners IV, up to $175 in CS Strategic Partners IV, up to E50 million in Hutton Collins Capital Partners III and up to $75 million in ABRY Partners VI. The board also approved investments of up to $100 million…]]></description>
         <link>http://www.imweekly.com/news/181560-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Equity Searches Abound in Cincinnati]]></title>
         <description><![CDATA[The $2.6 billion City of Cincinnati Retirement System (CRS) is moving ahead with its search for small-cap value and mid-cap growth equity managers.]]></description>
         <link>http://www.imweekly.com/news/181085-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[CalPERS' Read to Leave CIO Post]]></title>
         <description><![CDATA[Russell Read is stepping down from his position as investment head at the $244.1 billion California Public Employees' Retirement System (CalPERS) after nearly two years in the position, confirmed Clark McKinley, a spokesman for the fund.]]></description>
         <link>http://www.imweekly.com/news/181089-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Texas TRS Hires for Partnership Program]]></title>
         <description><![CDATA[The Teacher Retirement System of Texas (TRS) has partnered with four firms for its new Strategic Partnership Program. The program is designed to focus on long term partnerships with the four managers and will utilize the full global capabilities of each of the selected firms.  ]]></description>
         <link>http://www.imweekly.com/news/180791-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[New CEO Named at SSgA]]></title>
         <description><![CDATA[State Street Global Advisors (SSgA) has filled the vacant president and CEO post with the hiring of Scott Powers, the firm announced today. He replaces Bill Hunt who resigned earlier this year. ]]></description>
         <link>http://www.imweekly.com/news/180573-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Maryland State Plan Names CIO]]></title>
         <description><![CDATA[The $40 billion Maryland State Retirement and Pension System has ended its nearly two year search for a CIO with the appointment of  Mansco Perry, the plan announced today.]]></description>
         <link>http://www.imweekly.com/news/180150-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Pa. SERS Approves New Investments]]></title>
         <description><![CDATA[The Pennsylvania State Employees' Retirement System (SERS) has made new commitments in real estate and private equity, said Robert Gentzel, spokesman for the plan. The board approved investments of up to $75 million in Oculus Small-Cap Real Estate Fund I and up to $25 million in Lubert-Adler Real Estate Fund VI. On the private equity side, commitments of up to $40 million to ABS Capital Partners VI, up to $50 million each in Lime Rock Partners…]]></description>
         <link>http://www.imweekly.com/news/138992-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Cornerstone Adds Portfolio Manager ]]></title>
         <description><![CDATA[Dean Morris has joined large-cap equity manager Cornerstone Investment Partners as a portfolio manager, Todd Harlicka, marketing associate at the firm...]]></description>
         <link>http://www.imweekly.com/news/138731-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Robeco to Exit Bond Business]]></title>
         <description><![CDATA[The asset management arm of the Robeco Group—Robeco Investment Management (RIM)--has announced that it is exiting the U.S. fixed-income business...]]></description>
         <link>http://www.imweekly.com/news/138664-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Arkansas PERS Pushes for More International Equity ]]></title>
         <description><![CDATA[The Arkansas Public Employees Retirement System is planning to ramp up its international equity investments in an effort to enhance returns...]]></description>
         <link>http://www.imweekly.com/news/138573-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Oklahoma Cops Pick Loomis]]></title>
         <description><![CDATA[The Oklahoma Police Pension &amp; Retirement System (OPPRS) has retained Loomis, Sayles, &amp; Company for a roughly $70 million mandate...]]></description>
         <link>http://www.imweekly.com/news/138554-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Idaho Endowment Fund Switches Gears]]></title>
         <description><![CDATA[The Idaho Endowment Fund Investment Board has shelved talks of a more sophisticated asset mix...]]></description>
         <link>http://www.imweekly.com/news/138377-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Global Equity Search on At Sonoma County]]></title>
         <description><![CDATA[The $2 billion Sonoma County Employees' Retirement Association (SCERA) has approved a search for a global equity manager...]]></description>
         <link>http://www.imweekly.com/news/138337-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Florida City Conducts Twin Searches]]></title>
         <description><![CDATA[Two of Pensacola's pension systems have launched searches for a new investment consultant, which does not bode well...]]></description>
         <link>http://www.imweekly.com/news/138338-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[PRIM Looks For ETI Managers]]></title>
         <description><![CDATA[The Massachusetts Pension Reserves Investment Management (PRIM) board is in the market for managers for the plan's Economically Targeted Investments (ETI)...]]></description>
         <link>http://www.imweekly.com/news/138268-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Portable Alpha's A Go for Manchester]]></title>
         <description><![CDATA[The Manchester Employees Contributory Retirement System (MECRS) recently tied up a few loose ends, making decisions regarding its consultant...]]></description>
         <link>http://www.imweekly.com/news/138185-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[New Hampshire Fund To Consider Consultant Change]]></title>
         <description><![CDATA[The Manchester Employees' Contributory Retirement System (MECRS) could soon be looking for a new consultant...]]></description>
         <link>http://www.imweekly.com/news/138111-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Green Mountain State Hunts for Managers]]></title>
         <description><![CDATA[The Vermont Pension Investment Committee (VPIC) has issued two RFPs for managers to oversee global asset allocation and portable alpha...]]></description>
         <link>http://www.imweekly.com/news/138110-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Iowa PERS To Possibly Replace Schroders]]></title>
         <description><![CDATA[The $2.3 billion Iowa Public Employees' Retirement System (IPERS) recently discussed changes to its international equity portfolio that could lead ...]]></description>
         <link>http://www.imweekly.com/news/138079-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Boston Co. Loses Another Client]]></title>
         <description><![CDATA[The Boston Company Asset Management has lost another client, as the $142.2 million Town of Arlington Contributory Retirement System has issued an RFP...]]></description>
         <link>http://www.imweekly.com/news/138048-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Segal Client Launches Consultant Search]]></title>
         <description><![CDATA[The upcoming departure of consultant Kevin Leonard from Segal Advisors has already prompted one pension plan to launch a search...]]></description>
         <link>http://www.imweekly.com/news/138031-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Editorial Break]]></title>
         <description><![CDATA[Due to an editorial break, Investment Management Weekly will not publish on Aug. 27 and Sept. 3. ..]]></description>
         <link>http://www.imweekly.com/news/138018-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[IPERS Issues Hedge Fund RFP]]></title>
         <description><![CDATA[The $23 billion Iowa Public Employees' Retirement System (IPERS) is searching for one or more hedge fund-of-funds managers...]]></description>
         <link>http://www.imweekly.com/news/137979-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Fairfax Fund Could Change Asset Allocation]]></title>
         <description><![CDATA[The $2 billion Educational Employees' Supplementary Retirement System of Fairfax County (ERFC) could revamp its asset allocation in the fall...]]></description>
         <link>http://www.imweekly.com/news/137857-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Orange County CEO Joins SWIB]]></title>
         <description><![CDATA[Keith Bozarth, CEO of the $6.5 billion Orange County Employees' Retirement System (OCERS), has been named executive director of the $93 billion State of...]]></description>
         <link>http://www.imweekly.com/news/137811-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Indiana PERF Gets New Director]]></title>
         <description><![CDATA[The $16.4 billion Indiana Public Employees' Retirement Fund (PERF) has approved the hiring of Terren Magid...]]></description>
         <link>http://www.imweekly.com/news/137778-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Big Apple Funds Seek Activist Investments]]></title>
         <description><![CDATA[The City of New York Office of the Comptroller has issued an RFQ for activist investments on behalf of the $44 billion Employees' Retirement System...]]></description>
         <link>http://www.imweekly.com/news/137762-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[San Bernardino Fires Small-Cap Manager]]></title>
         <description><![CDATA[The $5.7 billion San Bernardino County Employees' Retirement Association has parted ways with Harris Investment Management...]]></description>
         <link>http://www.imweekly.com/news/137731-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Iowa PERS Places Equity Manager on Watch]]></title>
         <description><![CDATA[The $22 billion Iowa Public Employees' Retirement System (IPERS) made an addition to its watch list at a March 30 meeting...]]></description>
         <link>http://www.imweekly.com/news/137698-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[New Mexico PERA Places Manager on Watch ]]></title>
         <description><![CDATA[In an odd twist of events, the investment committee of the $11.5 billion New Mexico Public Employees' Retirement Association (NMPERA) approved a contract]]></description>
         <link>http://www.imweekly.com/news/137570-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[NYC Seeks Environmental Equity Managers]]></title>
         <description><![CDATA[The $100 billion New York City Retirement Systems (NYCRS) has launched a search for managers to oversee environmental and sustainable investment strategies]]></description>
         <link>http://www.imweekly.com/news/137523-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Aloha State Chooses New Consultant]]></title>
         <description><![CDATA[The $10.5 billion State of Hawaii Employees' Retirement System has selected Pension Consulting Alliance (PCA) as its new general investment consultant]]></description>
         <link>http://www.imweekly.com/news/137507-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Seattle City Seeks Consultants]]></title>
         <description><![CDATA[The $1.5 billion Seattle City Employees' Retirement System is searching for several consultants to assist the fund as it makes maiden investments...]]></description>
         <link>http://www.imweekly.com/news/137489-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Publishing Break]]></title>
         <description><![CDATA[Due to an editorial break, Investment Management Weekly will not publish on Dec. 25 and Jan. 1. We will resume publishing on Jan. 8...]]></description>
         <link>http://www.imweekly.com/news/137421-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Fred Alger on Hot Seat at LA Utility]]></title>
         <description><![CDATA[The Los Angeles Water and Power Retirement Plan could soon place Fred Alger Management on watch...]]></description>
         <link>http://www.imweekly.com/news/137390-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Illinois Teachers' Preps Equity Search]]></title>
         <description><![CDATA[The $36.5 billion Teachers' Retirement System (TRS) of Illinois will launch a search for an international equity manager]]></description>
         <link>http://www.imweekly.com/news/137318-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Ohio PERS Names New Director]]></title>
         <description><![CDATA[Christopher DeRose has been named executive director of the $73 billion Ohio Public Employees' Retirement System...]]></description>
         <link>http://www.imweekly.com/news/137221-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[CIO at Houston Muni. to Retire]]></title>
         <description><![CDATA[Neal Wallach, CIO of the $1.4 billion Houston Municipal Employees' Pension System, will retire at the end of the month...]]></description>
         <link>http://www.imweekly.com/news/137202-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[RCM Hires for Public Funds]]></title>
         <description><![CDATA[Victoria Grissom has joined RCM as the head of public funds sales, confirmed an official at the firm.]]></description>
         <link>http://www.imweekly.com/news/137188-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[NYC Deputy Comptroller Resigns]]></title>
         <description><![CDATA[Horatio Sparkes, deputy comptroller of pensions for the City of New York, will soon part ways with the fund...]]></description>
         <link>http://www.imweekly.com/news/137173-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Scottish Widows Plots U.S. Invasion]]></title>
         <description><![CDATA[Scottish Widows Investment Partnership is on track to become a top emerging markets contender in the U.S....]]></description>
         <link>http://www.imweekly.com/news/137172-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Nebraska PERS Director Resigns]]></title>
         <description><![CDATA[Anna Sullivan, director of the $7.2 billion Nebraska Public Employees' Retirement Systems, which administers the State Employees' Retirement System...]]></description>
         <link>http://www.imweekly.com/news/137138-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Illinois TRS Hires and Fires]]></title>
         <description><![CDATA[The board of the $36.8 billion Teachers' Retirement System of the State of Illinois (TRS) approved numerous actions at its Aug. 2 meeting...]]></description>
         <link>http://www.imweekly.com/news/137119-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Ohio Workers' Comp Adopts New Asset Allocation]]></title>
         <description><![CDATA[The Ohio Bureau of Workers' Compensation (BWC) has approved a revised asset allocation that would allow equity investments...]]></description>
         <link>http://www.imweekly.com/news/137100-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[LA Water &amp; Power Watches EARNEST]]></title>
         <description><![CDATA[The $6 billion Los Angeles Water and Power Employees' Retirement Plan is expected to place EARNEST Partners on watch at the plan's upcoming June 21 meeting.]]></description>
         <link>http://www.imweekly.com/news/137021-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Illinois Teachers' Hunts for Managers; Hires and Fires]]></title>
         <description><![CDATA[]]></description>
         <link>http://www.imweekly.com/news/136957-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[LA 911 May Boot Alliance Capital]]></title>
         <description><![CDATA[Pure Value Search May be on the Horizon]]></description>
         <link>http://www.imweekly.com/news/136852-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[MLIM in Hot Seat at L.A. Water &amp; Power]]></title>
         <description><![CDATA[]]></description>
         <link>http://www.imweekly.com/news/136851-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Tulare County Drops Loomis Sayles]]></title>
         <description><![CDATA[]]></description>
         <link>http://www.imweekly.com/news/136802-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[OPERS to Launch Executive Director Search]]></title>
         <description><![CDATA[]]></description>
         <link>http://www.imweekly.com/news/136691-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Orange County to Hunt for Emerging Markets Manager]]></title>
         <description><![CDATA[]]></description>
         <link>http://www.imweekly.com/news/136675-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[LACERA To Adjust Manager Roster]]></title>
         <description><![CDATA[]]></description>
         <link>http://www.imweekly.com/news/136659-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[LACERA To Adjust Manager Roster]]></title>
         <description><![CDATA[]]></description>
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