The $8.5 billion Oklahoma Teachers Retirement System is considering issuing a request for proposals in April for a real estate manager, ahead of the completion of a recently commissioned asset/liability study
The $18 billion Mississippi Public Employees Retirement System has suspended a $400 million global bond manager search until legislative changes allow the use of derivatives.
The $96 billion New York City Retirement Systems has issued an RFP for passive domestic equity index managers, with mandates from $150 million to $12 billion in the offing.
The $5.5 million Oakland (Calif.) Municipal Employees Retirement System has picked Highmark Investments to manage $1.5 million in core bonds.
The board of the $29 billion Tennessee Consolidated Retirement System has awarded Oaktree Capital Management a $50 million mandate for its Oaktree PPIP Private Fund.
The $67.4 billion New Jersey Division of Investments, which manages the investments of seven public retirement systems, has moved $800 million out of public equities and into its alternatives portfolio and cash.
The defined benefit Calvert County (Md.) Sheriffs & Correctional Officers Retirement Plan is mulling the expansion of its equity portfolio and may consider investing in emerging markets and domestic all-cap.
The board of the $505 million El Paso (Texas) City Employees Pension Fund has voted to terminate domestic and international growth equity managers MFS Investment Management, INTECH Investment Management and Marvin & Palmer Associates.
The $6.1 billion Arizona Public Safety Personnel Retirement System has shifted to global tactical asset allocations, hedge funds, real estate and private equity commitments at the expense of global equity indexed accounts managed by State Street Global Advisors.
The $5.9 billion Oklahoma Public Employees Retirement System has chosen BlackRock Institutional Trust to manage a $200 million Treasury inflation-protected securities mandate.
The following directory includes search and hire activity from iisearches for the two weeks ending Wednesday, March 3.
The board of the $80 billion New York State Teachers Retirement System has approved reallocating up to $150 million per quarter on an as needed basis to domestic equity passive strategies.
Ryder System, Inc.’s $940 million defined benefit pension plan is considering a search for fixed-income managers and active equity managers in the first half of this year on the heels of making an $85 million contribution to the plan in December.
The investment committee of the $850 million Baton Rouge & Parish of East Baton Rouge Retirement System has voted to shake up its asset allocation and bring in Treasury Inflation Protected Securities (TIPS) into its fixed income portfolio for the first time, at a 5% allocation.
The $46.7 billion Pennsylvania Public School Employees Retirement System has issued a request for proposals for a hedge fund consultant for its nearly $3.6 billion absolute return allocation.
The board of the $1.2 billion Disabled Workers’ Relief Fund and the $250 million Coal Workers Pneumoconiosis Fund, part of the $18.6 billion Ohio Bureau of Workers’ Compensation, have tapped State Street Global Advisors and BlackRock to passively manage the pensions’ portfolios.
The $1.8 billion Metropolitan Government of Nashville and Davidson County has tapped Summit Strategies Group as its general consultant, pending contract negotiations.
The $976 million Metropolitan Water Reclamation District Retirement Fund has picked PNC Capital Advisors to run a $52 million large-cap growth mandate.
The $1.2 billion Stanislaus County (Calif.) Employees Retirement Association has chosen PIMCO to run a $75 million core bond mandate.
The $300 million Mendocino County Employees Retirement Association will consider allocating as much as $5 million to alternative investments pending an asset/liability study.
The board of the $1.3 billion Sonoma County Employees Retirement Association is expected to vote on an “opportunistic” allocation in the portfolio ranging from 0-5% or 0-10%.
The $2.95 billion Vermont Pension Investment Committee (VPIC) has authorized its investment consultant, NEPC, to begin a search for fund of hedge funds managers for a currently-unspecified allocation.
The $235 million El Paso County (Colo.) Retirement System has launched a search for a 5% international emerging market equity mandate.
The $605 million Oklahoma Law Enforcement Retirement System will consider placing Chase Investment Counsel on watch for organizational issues later this month.
Almost half of the investments in TCW’s Special Mortgage Credit Funds I and II have been pulled out, with investors requesting that $1.3 billion of the total $3 billion be liquidated immediately at a special voting session Friday.
The $370 million Louisiana State Police Retirement System is searching for large-cap growth managers to possibly replace INTECH, which manages $30 million and is on watch for performance reasons.
The $45 billion United Auto Workers Voluntary Employee Beneficiary Association has hired the key investment staffers and is starting the investment process.
Parts supplier GKN North America Services is conducting a search for a new investment manager of managers for its $303 million pension fund.
The State of Wisconsin Investment Board has approved a list of asset allocation changes to its nearly $73 billion state pension fund.
The following directory includes search and hire activity from iisearches for the two weeks ending Wednesday, Feb.18.
The $450 million Oklahoma City Employees Retirement System has chosen Times Square to run a $20 million small-cap growth portfolio.
The $32.5 billion Maryland State Retirement and Pension System has tapped Rock Creek Group to run $300 million in a hedge fund of funds.
The $1.8 billion City of Fresno Retirement System plans to launch a search for a domestic small-cap growth manager next month for roughly $32.5 million.
The $310 million City of New Orleans Employees Retirement System, which hired TCW for its bond portfolio in September, is reconsidering the move.
The $164 million City of New Haven (Conn.) Employees Retirement Fund put international equity manager Artio Global Investors on watch for underperformance.
The $6.7 billion Montana State Investment Board plans to increase its real estate commitments to 6% from roughly 4%.
The $600 million City of Worcester (Mass.) Retirement System will vote to issue a request for proposal for a $10 million natural resources mandate at its Feb. 11 meeting.
The $3.4 billion Detroit Police & Fire Retirement System is looking for an alternatives investment consultant.
The $280 million Town of Greenwich (Conn.) Retirement System is looking for a consultant.
The $8 billion New Mexico Educational Retirement Board has issued an RFP for a general investment consultant.
The $330 million Fort Lauderdale General Employees Retirement System is searching for a manager to run a small- or smid-cap growth equity portfolio valued at roughly $7 million.
The $320 million Oakland Police & Fire Retirement Board has called back Loomis, Sayles & Co., Lord Abbett and Fred Alger Management to make finalist presentations for an $8.7 million small-cap growth mandate.
The $10.3 billion Ohio Police and Fire Pension Fund voted to put Chicago Equity Partners and Western Asset Management Co. on watch for performance at its Jan. 26 meeting.
The $46 billion Pennsylvania Public School Employees Retirement System has invested $350 million in a hedge fund, $200 million in structured alpha, $250 million in residential mortgage-backed securities, and $500 million in emerging markets equity.
The following directory includes search and hire activity from iisearches for the two weeks ending Wednesday, Feb. 3.
The $134.1 billion California State Teachers Retirement System plans to revise the real estate policy to include a “value-add” portfolio within the overall 12% real estate allocation.
The investment committee of the $1.2 billion Disabled Workers’ Relief Fund, part of the $18.6 billion Ohio Bureau of Workers’ Compensation, has carved out an international equities allocation and boosted its Treasury Inflation-Protected Securities focus.
The $2.8 billion Houston Police Officers Pension System has recently voted to restructure the fixed income portfolio by decreasing the duration of bonds, decreasing credit exposure and reducing the U.S. sovereign debt exposure.
The $2.7 billion Ventura County Employees Retirement Association has picked a replacement manager roster for a 175 million international equity mandate. Arrowstreet Capital, Fisher Investments, Hexavest, Trilogy Global Advisors and Walter Scott Global Investment Management are in the running to run parts of the mandate if incumbent managers are terminated.
The $4.6 billion Alameda County Employees Retirement Association has carved out 10% of the pension’s 23% international equity portfolio to be dedicated to small-cap equities.
The $16 billion Texas Municipal Retirement System has issued a questionnaire for the pension’s first real estate consultant.
The $8.4 billion Oklahoma Teachers Retirement System put Capital Guardian on alert for performance at its Jan. 27 meeting.
The $126 billion New York Common Retirement Fund has carved out a new allocation in the portfolio to real assets and opportunistic investments of up to 5% and increased the private equity allocation to 10% from 8%.
Ennis, Knupp & Associates has recommended that three pension funds overseen by the New Mexico Legislative Council improve investment policies, oversight and transparency, following a governance review it launched in October.
The $748 million San Luis Obispo (Calif.) Pension Trust will meet with its consultant, Wurts & Associates, next month to revisit a $37 million allocation to private equity.
The $1.6 billion Oklahoma Police Pension and Retirement System has tapped William Blair & Co. to oversee a $65 million smid-cap growth mandate.
The $1.4 billion Oakland County (Mich.) Employees Retirement System has tapped Loomis, Sayles & Co. to oversee a $120 million core plus mandate originally it had awarded to TCW late last year.
The $300 million Dallas-Fort Worth Airport Employees Pension Plan has voted to make a 2% allocation to private equity in the coming year.
The following directory includes search and hire activity from iisearches for the two weeks ending Wednesday, Jan. 20.