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Mandate Wins

Oregon Council Commits to Three New Funds

August 1, 2008 - The Oregon Investment Council (OIC) made three new investments at its meeting on Wednesday, spokesman Ley Garnett told IMW via e-mail. AllianceBernstein received $200 million for its All Asset Deep Value Fund L.P. 'It's planned to be a $2 billion fund to take opportunities in residential real estate, Garnett said via e-mail. …

Haverhill R.S. Hires for Small-Cap

July 29, 2008 - The Haverhill Retirement System has selected Putnam Investments to manage an $8.5 million small-cap growth mandate, confirmed Kathleen Gallant, administrator at the $174.9 million fund. Gallant referred all questions regarding the hire to Gus Aristizabal, the plan's consultant with Wainwright Investment Counsel, who assisted with the search. He did not return calls by press time, however. …

Texas Plan to Add CIO Role

May 28, 2008 - 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,…

Illinois TRS Expands Emerging Manager Program

May 23, 2008 - 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…

New York TRS Adds More PE, RE

May 7, 2008 - 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…

Texas TRS Hires for Partnership Program

April 14, 2008 - 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.

Pa. SERS Approves New Investments

March 14, 2008 - 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…

Oklahoma Cops Pick Loomis

February 25, 2008 - The Oklahoma Police Pension & Retirement System (OPPRS) has retained Loomis, Sayles, & Company for a roughly $70 million mandate...

Iowa PERS Places Equity Manager on Watch

February 19, 2008 - The $22 billion Iowa Public Employees' Retirement System (IPERS) made an addition to its watch list at a March 30 meeting...

New Mexico PERA Places Manager on Watch

February 19, 2008 - In an odd twist of events, the investment committee of the $11.5 billion New Mexico Public Employees' Retirement Association (NMPERA) approved a contract

Aloha State Chooses New Consultant

February 19, 2008 - The $10.5 billion State of Hawaii Employees' Retirement System has selected Pension Consulting Alliance (PCA) as its new general investment consultant