The $7 billion San Diego County Employees Retirement Association is expected to approve a new asset allocation on March 18, putting mandates worth $2.7 billion up for grabs.
The $1.63 billion Santa Barbara County Employees Retirement System will discuss launching a search for a manager for a $139.9 million large-cap growth mandate at its March 24 meeting.
The following directory includes search and hire activity from iisearches for the two weeks ending Wednesday, Nov. 11.
The $30.6 billion Los Angeles County Employees Retirement Association voted to issue requests for information to predetermined managers for a currency hedging mandate valued at $3.8 billion and an opportunistic credit mandate for $315 million at its Oct. 14 meeting.
The following directory includes search and hire activity from iisearches for the two weeks ending Wednesday, Oct. 14.
The $4.3 billion Alameda County Employees Retirement Association has slated a search for a domestic small-cap value manager at its board meeting last week.
The $7 billion New Mexico Educational Retirement Board has hired GoldenTree Asset Management to oversee a $50 million mandate in a collateralized loan obligations fund.
The $2 billion San Jose Police & Fire Retirement Plan has decided to adopt an asset allocation with a new 10% target to Treasury Inflation-Protected Securities, 10% to long bonds and doubling its real asset exposure to 10%.
The pension board of the $384 million Knoxville City (Tenn.) Employees Pension Fund plans to vote on potential equity and bond searches at its November meeting.
The $190.4 billion California Public Employees Retirement System will start shopping for a new investment consultant in November.
The $47.9 billion Minnesota State Investment Board is creating a new portfolio for the Voluntary Statewide Volunteer Firefighter Plan, a voluntary retirement plan for firefighters.
The $47.9 billion Minnesota State Investment Board has voted against participating in the Public-Private Investment Program, after first approving an allocation of up to 1% of the portfolio.
The investment committee of the $8.2 billion Los Angeles City Employees Retirement System is discussing with its advisor Pension Consulting Alliance how to implement a real return allocation.
The Metropolitan Government of Nashville and Davidson County has issued an RFP for a general consultant for the $1.8 billion Metropolitan Employee Benefit System.
The $4.5 billion San Bernardino County Employees Retirement Association has terminated Capital Guardian's $80 million international equity mandate at its Oct. 13 meeting.
The $2.2 billion Fresno (Calif.) County Employees Retirement System has terminated Brandywine Global Investment Management from a $100.5 million small-cap value mandate and reinvested the money in State Street Global Advisors' small-cap value index fund at an Oct. 7 meeting.
The $13 billion Alaska Retirement Management Board has hired funds of hedge funds GAM and Prisma Capital Partners to share the portfolio with Alaska’s three other fund of funds.
The $11 billion Nebraska Investment Council is discussing investment opportunities in private equity.
The $1.1 billion Arlington County (Va.) Employees Supplementary Retirement System will consider replacing small-cap manager OFI Institutional Asset Management or hiring a second manager at its meeting next month.
The $4.5 billion Sacramento County Employees Retirement System will meet with Invesco this week to discuss a possible $150 million investment in the Public-Private Investment Partnership program.
The $64.6 billion Washington State Investment Board, which oversees $47.4 billion in DB pension assets, is slated to approve two investments in Oaktree Capital Management’s private equity funds at an upcoming meeting.
The investment committee of the $10 billion Kansas Public Employees Retirement System plans to add timber to its real return portfolio.
The $2 billion Baltimore County Employees Retirement System is looking for managers to oversee a combined $15 million in private equity mandates.
The board of the $2.7 billion Kern County Employees Retirement Association has approved termination of The Clifton Group’s policy implementations overlay service.
The $20.4 billion Connecticut Retirement Plans and Trust Funds plans to split $200 million between AllianceBernstein, Invesco and W.L. Ross & Co., Marathon Asset Management and Wellington Management Co. in order to participate in the Public-Private Investment Program.
Pension plans are expected to put more money into alternatives strategies as they are poised to deliver strong returns when the market recovers, according to a Banc of America Securities-Merrill Lynch research report.
The $850 million Tallahassee Pension Plan will consider putting as much as $90 million into a green real estate fund next month.
The following directory includes search and hire activity from iisearches for the two weeks ending Wednesday, Sept. 2.
The $1.6 Billion Fresno City Employees Retirement System will vote on whether to issue an RFP for a new investment management consultant at its Sept. 9 meeting.
Some pension funds are increasing their asset exposures to global equity and emerging markets. According to InterSec Research, a member of State Street’s Investment Analytics group, non-U.S. equities rose in the second quarter to 13.3% from 10.7% in the State Street DB Master Universe.
The West Virginia Investment Management Board is in the market for a general consultant, according to an RFP posting on its Web site.
The $1.9 billion Cincinnati Retirement System voted to shift as much as $190 million out of domestic equities and into long/short strategies at a meeting Aug. 6.
The $236 million Mendocino County (Calif.) Employees Retirement Association has tapped Callan Associates as its new consultant.
The $610 million San Luis Obispo County Pension Trust outsourced management of the fund’s $175 million fixed-income portfolio to PIMCO at its Aug. 24 board meeting.
The $1.3 billion Fort Worth (Texas) Employees Retirement Fund has approved a search for a core plus fixed-income manager to oversee approximately $75 million starting next month.
The investment committee of the $191 billion California Public Employees Retirement System at its next meeting will vote on seeking an infrastructure consultant.
The $9.57 billion Ohio Police & Fire Pension Fund has selected The Clifton Group, Russell Investments and State Street Global Advisors to make presentations for an open derivative overlay manager spot next month.
Trustees of the $28 billion Tennessee Consolidated Retirement System approved its first private equity commitments of $150 million.
The $18.4 billion Employees Retirement System of Texas has decided not to renew its contracts with domestic small-cap manager UBS Global Asset Management and high-yield bond manager AIG Global Investment Group when they expire at the end of next month.
The $4 billion Alameda County Employees Retirement Association has approved a 10% allocation to international small-cap equity and plans to have its incumbent international equity managers handle the portfolio.
The $2.4 billion Vermont State Pension Investment Committee has carved out a 2% allocation to commodities.
The $460 million El Paso City Employees Pension Fund is discussing carving out a percentage of its portfolio to participate in the Public-Private Investment Program.
The $5.2 billion Wyoming Retirement System has hired NEPC as its general consultant, pending contract negotiations.
The $3.5 billion Philadelphia Public Employees Retirement System will place $10 million into a convertible arbitrage fund with Advent Capital Management next month.
The board of the $1.4 billion Phoenix City Employees Retirement System has authorized a search for a fixed-income macro manager. The current fixed-income portfolio makes up 24.7% of the fund.
The $5.1 billion Tennessee Valley Authority Retirement System will discuss how to transition to its new asset allocation at a meeting Sept. 10.
The $5.4 billion Oklahoma Public Employees Retirement System may allocate roughly $100 million to a passive bond index strategy at its board meeting this week.
The $183 million Omaha Civilian Employees Retirement System plans to issue an RFP for a general investment consultant in September.
The $1.5 billion San Joaquin County Employees' Retirement Association plans to update its manager review list at its board meeting on Aug. 20.
The $1.5 billion San Jose Federated City Employees Retirement System has hired the Meketa Investment Group as its general consultant, replacing Strategic Investment Solutions.
The $4.5 billion Sacramento (Calif.) County Employees Retirement System will meet with representatives from Metropolitan West Asset Management, Bradford & Marzec and Neuberger Berman Asset Management to discuss opportunistic fixed-income strategies.
The $3.5 billion San Diego City Employees Retirement System will meet with Smith Breeden Associates this week to discuss fixed-income opportunities available through the Term Asset-Backed Securities Loan Facility.
The $394 million Knoxville City Employees Pension Fund carved out a new 5% allocation towards energy and commodities.
The $5.9 billion Montana Board of Investments has decided to take Hansberger Global off its watch list due to an improvement in performance, according to a board meeting agenda.
The $118 billion California State Teachers Retirement System approved the search for a general investment consultant at a meeting last week.
The $182.4 billion California Public Employees Retirement System voted to initiate a competitive selection process for real estate consultants at the fund's Aug. 17 investment committee meeting.
The $800 million Tulare County (Calif.) Employees Retirement Association will discuss investing in single-manager hedge funds as opposed to funds of funds at its board meeting Aug. 17.
The following directory includes search and hire activity from iisearches for the two weeks ending Wednesday, July 22.
Unconstrained global equities manager Bedlam Asset Management has recently won four institutional mandates, almost doubling its assets under management to GBP355 million.
The $3.5 billion San Diego (Calif.) Employees' Retirement System is in the market for an emerging markets manager to oversee approximately $25 million.