Search & Hire Directory - June 29, 2009 : Money Management Letter

Search & Hire Directory - June 29, 2009

Search & Hire Directory

The following directory includes search and hire activity from iisearches for the two weeks ending Wednesday, June 24. The accuracy of the information, which is derived from many sources, is deemed reliable but cannot be guaranteed. All amounts are in US$ millions unless otherwise stated. To report manager hires and new searches, please call Anastasia Donde at (212) 224-3635.

Potential Searches

Total Account

Fund & City Amount Plan Type Assignment Size Consultant Comments/Firm Hired

Baton Rouge & Parish of East Baton Rouge

USD750 Public D.B. US / Passive Fixed Income / Treasury

USD150 Summit Strategies Group,

Contemplating a first-time commitment to treasury

Retirement System, Baton Rouge, LA Inflation Protected Securities St. Louis, MO inflation protected securities.

Duluth Teacher Retirement Fund

USD220 Public D.B. US / Active Fixed Income /

N/A Jeffrey Slocum & Associates,

Considering hiring mangers for opportunistic

Association, Duluth, MN Opportunistic Minneapolis, MN fixed-income mandates.

Illinois Municipal Retirement Fund,

USD18,000 Public D.B. US / Active Equity /

N/A Ennis Knupp + Associates,

Plans to seek a manager of emerging managers.

Oak Brook, IL Manager-of-Managers Chicago

Los Angeles Department of Water & Power

USD6,100 Public D.B. US / Active Equity / Small-Cap N/A Pension Consulting Alliance,

Preparing an RFP seeking small-cap investment

Retirement Plan, Los Angeles, CA Encino, CA management services.

Los Angeles Department of Water & Power

USD6,100 Public D.B. US / Active Fixed Income /

USD115 Pension Consulting Alliance,

Placed Loomis Sayles & Co. on watch due to poor

Retirement Plan, Los Angeles, CA High-Yield Encino, CA performance.

Los Angeles Department of Water & Power USD6,100 Public D.B. Emerging Markets / Active Equity USD44 Pension Consulting Alliance,

Placed T. Rowe Price on watch due to poor performance.

Retirement Plan, Los Angeles, CA Encino, CA

Los Angeles Fire & Police Pension System,

USD11,400 Public D.B. US / Hedge Funds /

USD65 Pension Consulting Alliance,

Plans to hire an emerging fund of hedge funds manager

Los Angeles, CA Fund of Hedge Funds Encino, CA by month’s end.

Massachusetts Turnpike Authority

USD180 Public D.B. US / Active Fixed Income N/A NEPC, Cambridge, MA May invest in opportunistic credit strategies.

Employees’ Retirement System, Boston, MA

Mendocino County Employees’ Retirement

USD265 Public D.B. US / Active Equity /

USD7.50 Unknown May seek a small-cap value manager to replace

Association, Ukiah, CA Small-Cap Value terminated firm Mainstay Capital Management.

Mendocino County Employees’ Retirement

USD265 Public D.B. US / Active Equity /

N/A Unknown Placed small-cap growth manager Fremont Investment

Association, Ukiah, CA Small-Cap Growth Advisors on watch for poor performance.

Mendocino County Employees’ Retirement

USD265 Public D.B. US / Real Estate USD15 Unknown Monitoring RREEF’s real estate mandate for

Association, Ukiah, CA underperformance.

Metropolitan Government of Nashville

USD1,600 Public D.B. Global / Alternative N/A Segal Advisors, Cleveland Will vote on a new asset allocation next month that will



and Davidson County, Nashville, TN likely see an increase to private equity, infrastructure

and real assets.

New Jersey Division of Investment,

USD56,000 Public D.B. US / Active Fixed Income /

N/A Strategic Investment

Plans to explore opportunities in Term Asset-Backed

Trenton, NJ Asset Backed Securities Solutions, San Francisco Securities Loan Facility (TALF).

Oakland County (Mich.) Employees

USD1,300 Public D.B. US / Active Fixed Income USD130 Asset Consulting Group,

Adopted a new asset allocation that will shift 10% of its

Retirement System, Pontiac, MI St. Louis, MO assets from equity into fixed income.

Orlando Firefighters Pension Fund,

USD321 Public D.B. US / Real Estate N/A NEPC, Cambridge, MA Mulling plans to conduct a search for a private real

Orlando, FL estate manager.

Pennsylvania Treasury Department,

USD17,000 Public D.B. US / Multi Asset N/A None Requesting that any qualified hedge fund, funds of

Harrisburg, PA funds, TALF, enhanced cash, senior secured debt and

opportunistic fixed-income managers notify the fund.

San Joaquin County Employees Retirement

USD1,500 Public D.B. Global / Passive Fixed Income /

USD105 Strategic Investment

Ramped up its global inflation-linked bonds allocation to

Association, Stockton, CA Treasury Inflation Protected Securities Solutions, San Francisco 10% from 3%.

San Joaquin County Employees Retirement

USD1,500 Public D.B. Global / Alternative USD105 Strategic Investment

Revamped its asset allocation to include a new

Association, Stockton, CA Solutions, San Francisco exposure to global opportunistic strategies at 7%.

San Mateo County Employees Retirement

   USD1,600 Public D.B. US / Active Fixed Income USD195 Strategic Investment Monitoring Aberdeen Asset Management closely due to

Association, Redwood Shores, CA Solutions, San Francisco senior personnel changes.

School Employees Retirement

USD8,100 Public D.B. Global / Asset Study N/A Summit Strategies Group,

Plans to conduct its asset/liability study by year’s end.

System of Ohio, Columbus, OH St. Louis, MO

State Universities Retirement

USD10,600 Public D.B. Global / Active Equity USD90 Ennis Knupp + Associates,

Placed Payden & Rygel Investment Management on its



System of Illinois, Champaign, IL Chicago watch list due to organizational changes.

State Universities Retirement

USD10,600 Public D.B. US / Active Equity /

USD25 Ennis Knupp + Associates,

Placed Paradigm Asset Management on watch due to



System of Illinois, Champaign, IL Small-Cap Growth Chicago poor performance.

State Universities Retirement

USD10,600 Public D.B. International / Active Equity USD65 Ennis Knupp + Associates,

Placed GlobeFlex Capital on watch

due to poor

System of Illinois, Champaign, IL Chicago performance.

State Universities Retirement

USD10,600 Public D.B. US / Active Fixed Income /

USD493 Ennis Knupp + Associates,

Placed BlackRock and Metropolitan West Asset



System of Illinois, Champaign, IL Core-Plus Chicago Management on watch due to poor performance.

State Universities Retirement

USD10,600 Public D.B. US / Active Equity /

USD533 Ennis Knupp + Associates,

Placed PIMCO on its watch list due to poor

System of Illinois, Champaign, IL Enhanced Index Chicago performance.

Texas Municipal Retirement System,

USD14,600 Public D.B. US / Active Fixed Income /

N/A R.V. Kuhns & Associates ,

Plans to hire a core-plus fixed income manager this

Austin, TX Core-Plus Chicago summer.

Town of Greenwich Retirement System,

USD258 Public D.B. US / Alternative / Real Assets N/A NEPC, Cambridge, MA Plans to introduce a new 6% target to real assets,

Greenwich, CT including TIPS and commodities.

Vermont Pension Investment Committee,

USD2,500 Public D.B. Emerging Markets / Active

N/A NEPC, Cambridge, MA Contemplating the addition of an emerging markets debt

Montpelier, VT Fixed ...

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Search & Hire Directory - June 29, 2009

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