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Kansas City Police Pick Fidelity’s Strategic Real Return Fund

Fixed-Income: Thanks to a heightened interest in diversified inflation strategies, the Kansas City Police Employees’ Retirement System (KCPERS) Board of Trustees decided last week to hire Fidelity Investments’ Strategic Real Return Fund.

Fort Lauderdale 911 Removes PIMCO, Lee Munder

U.S. Equity: The $795 million Fort Lauderdale Police & Fire Retirement System Board of Trustees has removed PIMCO and Lee Munder from its manager roster.

Sacramento County Pension Schooled on Debt Backed by Real Assets

Alternative Investments: The $7.6 billion Sacramento County Employees’ Retirement System (SCERS) may explore investments in debt backed by real assets, according to documents published by the pension plan.

Executive Database

Michael McNamara
Senior Managing Director and Global Head of Real Estate Investments
Firm: Manulife Asset Management Private Markets
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In The News: Michael McNamara Joins Manulife’s Private Markets Business >>
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New Mexico PERA to Consider Watch List for PIMCO

Fixed-Income: Investment committee members at the New Mexico Public Employees’ Retirement Association (NMPERA) approved a recommendation to place one of its fixed-income managers on watch.

Texas County & District Pension Commits to Baring Asia Fund

Alternative Investments: The Baring Asia Private Equity Fund VI has won a spot in the Texas County & District Retirement System’s (TCDRS) investment portfolio.

Tulare County Pension Monitoring PIMCO

Fixed-Income: Board trustees at the Tulare County Employees’ Retirement Association (TCERA) have approved placing PIMCO on its watch list due to the departure of Co-founder Bill Gross, Dave Kehler, administrator at the pension fund, told IMMP.

LACERA on the Lookout for Activist Equity Firms

U.S. Equity: The Los Angeles County Employees’ Retirement Association (LACERA) will issue RFIs for U.S. and non-U.S. activist equity managers.

Plymouth County Issues Mid-Cap, Small-Cap RFPs

U.S. Equity: Board trustees for the Plymouth County Retirement Association (PCRA), with the assistance of investment consultant Wainwright Investment Counsel, issued two RFPs recently for mid-cap and small-cap strategies.

MassPRIM Commits to Centerbridge Private Equity Fund

Alternative Investments: The Massachusetts Pension Reserves Investment Management (PRIM) Board approved an up to $200 million private equity investment with Centerbridge Partners, a plan spokesperson confirmed.

Adams County Makes PE Commitments

Alternative Investments: The Adams County Retirement Plan added two new direct private equity investments to its portfolio last month, according to recently published minutes for its Sept. 2 Board meeting.

New Hampshire Pension Considers Sector-Neutral Equity

U.S. Equity: The more than $7 billion New Hampshire Retirement System Investment Committee is currently considering the benefits of a large-cap U.S. equity sector-neutral portfolio, plan documents indicate.

San Fran ERS Considers New Investments

Alternative Investments: A Wednesday Board meeting at the $17 billion San Francisco City and County Employees’ Retirement System (SFERS) could find the Board of Trustees approving up to $140 million in new investments.

Louisiana Teachers’ Watches Systematic Mid-Cap Value Fund

U.S. Equity: Systematic Financial Management, a Teaneck, N.J.-based affiliate with the Affiliated Managers Group (AMG), has been placed on watch by the Teachers’ Retirement System of Louisiana (TRSL), IMMP has learned.

Alameda County Allocates to Lighthouse Fund

Alternative Investments: The roughly $6 billion Alameda County Employees’ Retirement Association’s (ACERA) Investment Committee approved a new absolute return commitment last month.

Arlington County Pension Picks BV Investment Partners

Alternative Investments: The Arlington County Employees’ Retirement System (ACERS) Board agreed recently to commit funds to BV Investment Partners, a more than 30-year-old private equity firm, plan documents indicate.

New Mexico PERA Brings EMD Search to Market

Fixed-Income: An emerging market fixed-income search has been launched by the New Mexico Public Employees’ Retirement Association (NMPERA).

Standish Mellon Wins Fairfield’s Global Bond Mandate

Fixed-Income: After a round of finalist interviews last week, trustees for the City of Fairfield, Conn. Police and Fire Retirement Funds chose Standish Mellon Asset Management as its new global fixed-income manager, plan documents indicate.

NMERB Publishes Private Equity RFP

Alternative Investments: The New Mexico Educational Retirement Board has pushed out an RFP for private equity investment consulting services.

L.A. Fire and Police Pension Fund Issues Three RFPs

U.S. Equity: The Los Angeles Fire and Police Pension System (LAFPP) has opened up asset management searches for fixed-income, equity and commodities investment strategies.

Texas County Plan Inks New Commitments

Alternative Investments: The Texas County & District Retirement System’s (TCDRS) has made commitments to two separate alternative investment funds for a total of $105 million.

Sterling Heights Funds Interview Large-Cap Managers

U.S. Equity: Board trustees for the Sterling Heights Police and Fire Retirement System (PFRS) and the General Employees Retirement System (GERS) interviewed large-cap core equity managers for possible inclusion into their investment portfolio.

NMERB Green Lights $70M for Real Estate

Real Estate: Two new investments will be added to the New Mexico Educational Retirement Board’s real estate portfolio, Bob Jacksha, CIO at the pension plan, told IMMP following a Thursday Investment Committee meeting.

Merced County Pension Puts $20M in Infrastructure Funds

Alternative Investments: The Merced County Employees’ Retirement Association (MCERA) will invest with two infrastructure managers, Steven Bland, plan administrator told IMMP.

Dimensional Fund Advisors Wins Oregon PERF Mandate

U.S. Equity: The Oregon Investment Council gave a nod to place $2 billion with Dimensional Fund Advisors at its Wednesday meeting, Michael Cox, spokesman for the Oregon State Treasurer’s office confirmed to IMMP.

MainePERS Allocates $90M to Inflexion, Advent

Alternative Investments: Earlier this month, the nearly $13 billion Maine Public Employees Retirement System (PERS) Board agreed to award Inflexion Private Equity and Advent International with new private equity commitments, confirmed plan CIO Andrew Sawyer.

Fort Worth Employee Plan Terminates Equity Manager

U.S. Equity: Performance issues and personnel changes at Thornburg Investment Management have prompted the $2.1 billion Fort Worth Employees’ Retirement Fund to terminate the firm.

Pennsylvania Municipal Releases Large-Cap Growth RFP

U.S. Equity: The more than $2 billion Pennsylvania Municipal Retirement System (PMRS) is on the hunt for a new large-cap growth manager, confirmed Stephen Vaughn, plan secretary.

Ormond Beach Pensions’ Discuss Small, Smid-Cap Search

U.S. Equity: The City of Ormond Beach, Fla.’s three pension trusts are currently searching for small/mid-cap growth managers, confirmed Kelly A. McGuire, city finance director.

Oklahoma Fire Fund Plans GTAA, HF Searches

Alternative Investments: The roughly $2 billion Oklahoma Firefighters Pension and Retirement System is prepping two asset management searches for release later this week.

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