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NYLIM Being Considered for Tulare Mandate

August 19, 2008 - New York Life Investment Management (NYLIM) has rejoined the search for an enhanced index manager at the Tulare County Employees' Retirement Association (TCERA), said Dave Kehler, administrator at the $1 billion fund. 'We're in the midst of a manager search for enhanced index managers,' Kehler said. 'The board has added NYLIM back to the list of finalists after receiving a presentation from the manager.' …

Arkansas Cops Unload Equity Manager

August 18, 2008 - The roughly $215 million Arkansas Police Retirement System has reportedly removed UBS Asset Management from an international equity portfolio. According to published reports, the fund saw its foreign stock portfolio dip from $50.2 million to $41.7 million during the last fiscal year. Gail Stone, executive director at the Little Rock plan, could not be reached for additional details by press time. However, local reports indicate that the system will meet with potential replacement managers at its November…

Fresno County Adopts New A/A

August 11, 2008 - The Fresno County Employees' Retirement Association (FCERA) has adopted a new asset mix which includes allocations to opportunistic fixed-income, hedge funds and real assets, said Roberto Pena, administrator at the $2.7 billion fund. The changes are due to the results of a recently completed asset/liability study conducted by Wurts & Associates. …

Dallas Hospital System Seeks Equity Manager

August 5, 2008 - The Parkland Health & Hospital System has issued an RFP for a manager to oversee the plan's approximately $25 million large-cap growth domestic equity portfolio. The fund oversees the pension system for the Dallas County Hospital District. According to Nelson's MarketPlaceWeb.com, the $320 million Parkland system has a 22% allocation to domestic equity. The rest of the plan's asset allocation consists of 69% domestic fixed-income and 9% cash. …

Texas ERS Hunts for Real Estate Consultant

July 9, 2008 - The Employees Retirement System of Texas (ERS) is aiming to bring a consultant on board to assist with the development of a long-term real estate investment strategy, said Mary Jane Wardlow, spokeswoman for the fund. She explained that the search evolved from the decision invest in the asset class two years ago (See IMW, 12/18/06). At that time the ERS board decided to add a 15% allocation to real estate and private equity, with 7% going…

City of Knoxville Creates New Allocations

June 18, 2008 - 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…

Iowa Regents Examines Assets

June 10, 2008 - 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…

Do-Over for Taunton's International Equity Search

June 9, 2008 - 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…

Pa. County Plan Doubles Up on Hedge Funds

June 4, 2008 - 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.…

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 Mexico Treasurer Seeks Investment Advisor

May 19, 2008 - 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.

Equity Searches Abound in Cincinnati

April 23, 2008 - 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.

Arkansas PERS Pushes for More International Equity

February 26, 2008 - The Arkansas Public Employees Retirement System is planning to ramp up its international equity investments in an effort to enhance returns...

Idaho Endowment Fund Switches Gears

February 19, 2008 - The Idaho Endowment Fund Investment Board has shelved talks of a more sophisticated asset mix...

Florida City Conducts Twin Searches

February 19, 2008 - Two of Pensacola's pension systems have launched searches for a new investment consultant, which does not bode well...