U.S. Equity Asset Class

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NYLIM Being Considered for Tulare Mandate

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.' …

Dallas Hospital System Seeks Equity Manager

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. …

Haverhill R.S. Hires for Small-Cap

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. …

CalSTRS Loses Global Equities Head

Eileen Okada will retire from her post as director of global equities at the $170 billion California State Teachers' Retirement System (CalSTRS) on Nov. 1. According to the fund's Web site, Okada had been on leave since March 28. She joined CalSTRS 36 years ago as an accountant. In the meantime, the plan's CIO Christopher Ailman will oversee the roughly $100 billion portfolio, which encompasses both U.S. and global equity. EFL Associates has been retained by the Sacramento…

City of Knoxville Creates New Allocations

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…

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Dallas Hospital Seeks Equity Manager

The Parkland Health & Hospital System has launched a search 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.

Haverhill R.S. Hires for Small-Cap

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.

Fresno Funds Consider New Allocations

The joint board of the City of Fresno Retirement Systems (CFRS)-which consists of officials overseeing the $1.07 billion Employees' Retirement System and the $1.19 billion Fire & Police Retirement System-recently considered recommendations that would drastically alter the asset allocation and manager roster for the plans. According to the agenda for its meeting last week, CFRS' investment committee brought recommendations before the board that would reduce the plan's domestic equities allocation by 10%, dropping it down to 30% of the plan's assets, while increasing CFRS' international equities allocation by 8% and its emerging markets allocation by 2%, bringing them up to 25% and 5%, respectively.

Stanislaus Eyes Three For Value Mandate

The Stanislaus County Employees' Retirement Association (StanCERA) interviewed Bivium Capital Management, Capital Prospects and Legato Capital Management as potential managers for its small-cap value emerging manager-of-managers program last week. Tom Watson, administrator of the California plan, could not be reached by press time for additional details.

SamCERA Preps Equity Searches

The San Mateo County Employees' Retirement Association (SamCERA) is gearing up to kick off four large-cap enhanced index manager searches, said David Bailey, CEO at the $2.2 billion plan. Bailey said that the board 'is seeking greater diversification in the large-cap space.' The plan has no intentions of replacing any of its current managers, he added.

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