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Mandate Wins

Ohio Patrol Shells Outs $15M for Equity

September 2, 2010 - The $700 million Ohio Highway Patrol Retirement System (HPRS) Board of Trustees have awarded a combined $15 million domestic micro-cap mandate to Ancora Advisors and James Investment Research, Dan Weiss, plan executive director ...

Milwaukee Agency Selects Neighborhood Investment Firm

September 2, 2010 - The Redevelopment Authority of the City of Milwaukee (RACM) has tapped hometown investment firm M&I Investment Management to help in the advisement of nearly $5 million to $11 million within the agency’s operating funds. In a Thursday e-mail ...

LASERS Selects Marathon for the Long Haul

September 2, 2010 - The roughly $7 billion Louisiana State Employees’ Retirement System (LASERS) Board of Trustees decided last week to award Marathon Asset Management a nearly $250 million mortgage-backed securities mandate, system CIO Bobby ...

Fort Worth Fund Allocates to WestRiver

September 2, 2010 - The Fort Worth Employees’ Retirement Fund has selected a private equity real estate firm to oversee $25 million of its assets. The Investment Committee recommended WestRiver Capital Management for the account, subject to legal review ...

New Hampshire Parts Ways with Century Capital

September 1, 2010 - As part of an ongoing makeover of its domestic equity portfolio, the New Hampshire Retirement System (NHRS) Investment Committee agreed to terminate Century Capital Management. At an Aug. 20 meeting, the decision ...

Illinois Muni. Hires Emerging Firms

August 27, 2010 - The Illinois Municipal Retirement Fund’s (IMRF) Board of Trustees selected two Chicago-based emerging managers for a combined $75 million mandate at its meeting earlier today, Linda Horrell, communications manager at the system, told ...

Louisiana Police Find UBP’s Successor

August 26, 2010 - The Louisiana State Police Retirement System (LSPRS) Board of Trustees decided last month to hire Prisma Capital Partners to replace UBP Asset Management, a hedge fund manager that was let go previously due to low performance and staffing changes. In following ...

Alameda County Parts Ways with Value Manager

August 26, 2010 - The Alameda County Employees’ Retirement Association (ACERA) has removed Philadelphia- and San Francisco-based Brandywine Global Investment Management from a small-cap value equity mandate. Last month, the Board reviewed the strategies ...

Vermont Dives into Hedgies

August 25, 2010 - The Vermont Pension Investment Committee (VPIC) has awarded three hedge fund of funds investment firms a total of $150 million, Stephen Rauh, Committee chair, told IMW. The winning managers include Chicago-based Grosvenor ...

Austin Cops Allocate to Multi-Strategy Fund

August 24, 2010 - The City of Austin Police Retirement System (APRS) has given the green light to an alternative investment fund run by Double Eagle Capital Management of Irving, Texas. At a July 21 Board meeting, the Texas plan approved placing $7.5 million ...

Delaware PERS Invests in Natural Resources

August 17, 2010 - In following the recommendation of its Investment Committee, the Delaware Public Employees Retirement System (DPERS) Board of Pension Trustees elected to pull $50 million out of a Mellon Capital Management account to be placed ...

Dallas 911 Keeps Townsend on Board

August 16, 2010 - The roughly $2.9 billion Dallas Police and Fire Pension (DPFP) System has decided to hang on to one of its advisors. The Board of Trustees voted to retain the Townsend Group, which is headquartered in Cleveland, as its real estate ...

Knoxville Wraps Three Searches, Replaces UBS

August 16, 2010 - The City of Knoxville Pension Board followed the recommendations of its consultant Summit Strategies Group last month and moved to replace large-cap value manager UBS Asset Management, with Eagle Capital Management. Previously, IMW ...

Manchester Breaks Bread with Managers

August 10, 2010 - The Manchester Employees’ Contributory Retirement System (MECRS) met with its two hedge fund of fund managers earlier today to discuss their outlooks and plans for the asset class, Executive Director Gerald Fleury told IMW. At its ...

MECRS' Content With Rothschild

July 14, 2010 - Rothschild has escaped the grim grasps of performance watch at the Manchester Employees’ Contributory Retirement System (MECRS) following a productive meeting yesterday, Executive Director Gerald Fleury told IMW...