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Odds & Ends

Macquarie Securities Beefs Up Trading Team

July 14, 2010 - Equity staffing improvements seems to be at the top of Macquarie Securities Group’s 2010 to-do list as the Australian-based institutional arm has added a half dozen new senior equities traders to its U.S. and U.K. stable, an announcement said yesterday...

SSgA Names Lowe to Replace Departing Global Equities CIO

June 2, 2010 - State Street Global Advisors (SSgA) has tapped Alistair Lowe to succeed retiring Global Equities CIO Arlene Rockefeller, the firm said today...

Evercore Partners Unveils New Institutional Equity Presence

June 2, 2010 - As Evercore Partners continues to grow and expand, evidence of this positive progression can been seen today as the independent investment bank has successfully established its institutional equities business...

Cincinnati Retirement Board Changes on the Horizon

June 2, 2010 - Due to the lack of expertise and accountability on the City of Cincinnati’s retirement board, Vice Mayor Roxanne Qualls and fellow Council members are looking to revamp the Board’s make-up in order to increase transparency and weed out conflicts of interest...

Buckeye State Takes Huge Hit from Lehman Collapse

April 20, 2010 - U.S. Representative Mary Kilroy (D-Ohio) told the House Financial Services Committee today that her state’s retirement and pension funds lost nearly a half billion dollars ...

Ohio SERS Continues Push to Hedgies

April 16, 2010 - Over the past two months, the School Employees Retirement System of Ohio (SERS) Board of Trustees has committed nearly $400 million to the hedge fund strategy. A new decision this week burgeons that total to nearly a half billion dollars, SERS Communications Coordinator Tim Barbour told IMW.

Virginia Commits Big to Real Estate, Credit and Equity

April 16, 2010 - The roughly $50 billion Virginia Retirement System (VRS) Board of Trustees moved to make four new commitments totaling more than $770 million in multiple asset classes, Jeanne Chenault, the VRS director of public relations, told IMW.

Hoffmeister Replacing Petito at BMO

April 1, 2010 - BMO Capital Markets has hired Perry Hoffmeister to become its new head of U.S. investment and corporate banking, effective April 19. He will replace Dominic Petito, who is retiring from BMO...

Fund Managers Back Tech, Healthcare, Corporate Bonds

March 26, 2010 - Institutional investors are warming to a market many now see as priced right, and an economy that they believe will be revived by corporate spending, even if unemployment fears keep consumers from opening their wallets.

CalPERS Subject of DOJ Investigation

March 26, 2010 - Justice Department investigators are probing investment transactions made by the $206 billion California Public Employees’ Retirement System (CalPERS), numerous news outlets reported today.

Ohio BWC Stays With Mercer

March 26, 2010 - The $16.9 billion Ohio Bureau of Workers’ Compensation (BWC) has agreed to extend the contract of its investment consultant Mercer, BWC spokesperson Michelle Gatchell told IMW.

Ontario Teachers Invest in The Lottery

March 26, 2010 - The Ontario Teachers’ Pension Plan (OTTP) has agreed to acquire Camelot Group, the U.K.'s national lottery operator, for roughly $580 million, an announcement said yesterday.

Florida Legislators Pass Sunshine Measure

March 26, 2010 - If signed by Florida Governor Charlie Crist, a new piece of legislation in the Sunshine State could possibly add to its public transparency by preventing “pay-to-play politics” in state agencies such as the State Board of Administration (SBA).

Illinois’ Quinn Hopes Pension Medicine Will Impress Raters

March 26, 2010 - Illinois Gov. Pat Quinn Thursday said he is hoping rating agencies look favorably on pension reform legislation approved this week as the state seeks to fend off any further downgrades and improve its market image with three sales of $1.3 billion of general obligation bonds planned over the next month.

U.S. Retirement Systems Post Grim 2008 Numbers

March 25, 2010 - Thanks to their large commitments to securities, state and local public employee retirement systems across the country lost roughly $180 billion in assets in 2008, a new U.S. Census Bureau survey claims.