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Ohio Highway Patrol Launches Searches

March 1, 2010 - The $650 million Ohio Highway Patrol Retirement System (HPRS) Board of Trustees approved two new searches totaling $65 million, Dan Weiss, retirement system executive director and CIO, told IMW. Collectively, $50 million will ...

Law Firm Drops Out of Florida SBA Search

February 5, 2010 - New York-based law firm Bernstein Liebhard has formally “withdrawn” its proposal for the Florida State Board of Administration’s (SBA) new litigation pool. According to a Feb. 4 letter, Stanley Bernstein, senior partner at the 17-year ...

Barclays Capital Expects Spike In Commodities

December 11, 2009 - Institutional investors are expected to increase their investments in commodities next year, according to findings from a Barclays Capital survey. The survey was conducted at ...

Mass PRIM Trims the Fat on Hedgies

October 14, 2009 - The Massachusetts Pension Reserves Investment Management (PRIM) board voted yesterday to remove four firms from its roster. The Blackstone Group, Crestline Investors...

CalSTRS Taps Advisor Market

October 6, 2009 - The $126.9 billion California State Teachers’ Retirement System (CalSTRS) has issued an RFP seeking investment consulting services. The search is...

University of Alabama to Increase Bond Exposure

September 22, 2009 - The University of Alabama has removed a portion of its assets from the equity market in favor of “more stable U.S. and international bonds,” according to published reports. The $820 million endowment...

Connecticut PPIP Fund Gets Ready to Roll

September 15, 2009 - The Connecticut Retirement Plans and Trust Funds last week received four presentations on behalf of AllianceBernstein, Invesco’s W.L. Ross & Co., Marathon Asset Management and Wellington Management Co., according to published reports. The firms are all looking to manage part or all of the state’s $200 million Public-Private Investment fund.AllianceBernstein, Marathon and Wellington are looking to oversee a combined $150 million in the fund’s value-added real estate portfolio.Meanwhile, Invesco is expected to handle the remaining…

Texas Employee Plan to Discuss Private Equity Targets

August 24, 2009 - The Employees Retirement System of Texas (ERS) will review a proposal tomorrow suggesting private equity investment expectations for the fiscal year 2010. At a joint meeting of the board of trustees and investment advisory committee, staff will recommend that the plan turn down its investment target a notch. The 2010 Private Equity Annual Tactical Plan calls for $600 million in commitments, with a range of +/- 25%, or $450 to $750 million, according to a…

Texas TRS Steers Clear of Toxic Assets

August 12, 2009 - The Teachers’ Retirement System (TRS) of Texas is just saying no to toxic bank assets—for the time being, that is.A report in the Austin American Statesman quotes TRS Spokesman Howard Goldman as saying, “We do not plan to participate in this particular investment program at this time. However, we are continuing to monitor developments closely and will continue to look for opportunities to participate in what we perceive to be attractive investment opportunities in this…

Hawaii ERS to Take Close Look at Int’l Equity

August 11, 2009 - The $8.8 billion Hawaii Employees’ Retirement System is gearing up to review its international equity portfolio. The plan will be assisted by Pension Consulting Alliance.The review will be conducted over the next several months, according to a report in the Honolulu Star Bulletin. The report also notes that system is taking a closer look at international equity because it “outperformed its benchmark significantly in the past year and over the three- and five-year periods.”Meanwhile, for…

University of Virginia May Increase Alternatives

July 9, 2009 - The University of Virginia could see its private equity, real estate and commodities portfolios swell to double their size, Christopher Brightman, CEO at the University of Virginia Investment Management Company told Bloomberg.

Maine PERS Plans for Real Estate Changes

June 26, 2009 - The Maine Public Employees' Retirement System is expected to increase its investments in public real estate, and include opportunistic funds in its portfolio. According to IPE Real Estate, Andrew Sawyer, CIO at Maine PERS said the system would be considering a 'variety of new investment strategies for the future.' Recently hired real estate consultant ORG Real Property will assist the plan with its investments in the asset class. Reportedly, Maine PERS has a real estate portfolio valued…

Alaska Plan Adopts New Portfolio Targets

June 22, 2009 - The $14.5 billion Alaska Retirement Management Board (ARMB) slightly tweaked its asset targets at a meeting last week. The changes will take affect in the fiscal year beginning July 1. According to The Juneau Empire, the new asset allocation has less of the ARMB's assets being invested in absolute return strategies, as the board has cut that particular target by 1%. The plan will diversify its remaining assets in the space among more hedge fund managers, however. Additionally,…

CPPIB Plans for More Real Estate

May 29, 2009 - The Canada Pension Plan Investment Board (CPPIB) is eyeing additional real estate investments as declining values are making the market more attractive, Graeme Eadie, senior VP of real estate has reportedly announced. A Bloomberg News notes that investments within the U.S., U.K. and Australia are particularly on the plan's radar. The C$105.5 billion will seek out opportunities in real estate, infrastructure projects and private debt, Eadie said in a conference call. The goal is to generate long-term…

Aldus Equity Losses Connecticut Account

May 5, 2009 - Yet another retirement plan has terminated Aldus Equity Partners. Connecticut State Treasurer, Denise Nappier has removed the firm from a $65 million private equity fund-of-funds account it managed for the $20.2 billion Connecticut Retirement Plans and Trust Funds (CRPTF). Aldus, along with one of its founding principals, Saul Meyers, has been charged by the SEC for participating in an kickback scheme in New York. …