Fixed-Income: Trustees for the $468.2 million Oakland Police and Fire Retirement System (OPFRS) are slated to approve investment manager finalists for its high yield and bank loan search, plan documents indicate.
U.S. Equity: Managers with mid-cap core, growth and value strategies should take note of a new search released by the Newport News Employees Retirement Fund (NNERF).
The Pennsylvania Municipal Retirement System (PMRS) Board has given the green light for staff to start work on an RFP for investment consultant services, confirmed Nat Raney, plan investment relationship manager.
Thomas P. DiNapoli
New York State Comptroller
Firm: New York State Common Retirement Fund
Alternative Investments: Board trustees for the Pennsylvania State Employees Retirement System (SERS) sanctioned up to $75 million in new commitments to ABRY Partners and Centerbridge Partners.
U.S. Equity: The Chicago Municipal Employees Annuity and Benefit Fund (MEABF) Board of Trustees elected recently to add equity managers CastleArk Asset Management and Geneva Capital Management to its watch list, IMMP has learned.
U.S. Equity: The Montana Public Employees Retirement Administration (MPERA) is currently contemplating a new allocation to socially responsible investing (SRI) funds, plan documents indicate.
Alternative Investments: The Louisiana Firefighters Retirement System (FRS) Board of Trustees has agreed to interview CCMP Capital Advisors and Private Advisors for a potential private equity buyout manager allocation, plan documents indicate.
Alternative Investments: The Ohio Public Employees Retirement System (OPERS) is accepting proposals from consultants to advise the more than $91 billion plans investment staff on hedge funds.
Real Estate: The Public School Teachers Pension and Retirement Fund of Chicago (CTPF), with the help of investment consultant Callan Associates, is requesting proposals from commodities managers, IMMP has learned.
International Equity: The $90 million Heifer International Foundation, based in Little Rock, Ark., has opened up bidding for a new international equity search, according to procurement documents made available by investment consultant Dahab Associates.
U.S. Equity: The Norfolk County Retirement System (NCRS), based in Canton, Mass., is currently accepting proposals from growth managers in the small-cap segment, IMMP has learned.
Alternative Investments: The Teachers Retirement System of Louisiana (TRSL) Board of Trustees gave the green light to invest up to $200 million with three private equity fund managers, confirmed Dana Brown, the plan's director of public markets.
International Equity: In addition to proposing equity asset allocation changes, the New Haven City Employees Retirement Fund (CERF) Board of Trustees heard recently that its investment consultant Morgan Stanley is planning to search the market for international equity and alternative managers, new plan documents indicate.
Fixed-Income: The Oklahoma Tobacco Endowment Settlement Trust (TSET) is currently accepting proposals for a new high yield investment contract, IMMP has learned.
U.S. Equity: Investment Committee members at the more than $7 billion New Hampshire Retirement System (NHRS) are currently deliberating over a potential micro-cap allocation, plan documents indicate.
Real Estate: The New Mexico State Investment Council (SIC) approved more than $100 million in new commitments to Clarion Partners and JMI Equity, confirmed spokesperson Charles Wollmann.
Alternative Investments: The Norfolk County Retirement System (NCRS), under the guidance of investment consultant Wainwright Investment Counsel, is currently searching the market for private equity, real estate and transitional asset management firms.
International Equity: The Los Angeles City Employees Retirement System (LACERS) will consider a proposal this week to terminate The Boston Company Asset Management (TBC) from its emerging markets equity contract.
On behalf of the more than $460 million pension portfolio under his administration, Iowa State Treasurer Michael Fitzgerald said his office is currently accepting bids for investment consultant services, new procurement documents indicate.
Fixed-Income: Thanks to a new fixed-income structure and three manager terminations, the Policemens Annuity and Benefit Fund of Chicago (PABF) Board of Directors hired a slew of new money managers to take on new bond commitments.
The Iowa Public Employees Retirement System (IPERS) added Western Asset Management to the plans watch list due to the departure of an emerging market debt (EMD) portfolio manager.
U.S. Equity: The $65.2 billion Virginia Retirement System (VRS) disclosed Thursday that it has approved new investments to public and private equity, real assets and credit investment managers.
The Vermont Pension Investment Committee embarked on the first stage of its asset/liability risk management project this week, confirmed Chairman Stephen Rauh.
Real Estate: The Board of Retirement for the Stanislaus County Employees Retirement Association (StanCERA) has agreed to fund Greenfield Partners with a $15 million real estate mandate, IMMP has learned.
Alternative Investments: The State-Boston Retirement System is looking to fill mandates for secondaries, energy, and emerging market fund-of-funds.
Alternative Investments: In addition to approving allocations to The Boston Company Asset Management and Champlain Investment Partners, the Texas Municipal Retirement System Board also agreed to searching the market for private market investment consultants.
U.S. Equity: The Worcester Retirement System of Massachusetts has issued a RFP for a manager with experience in domestic equity small-cap growth portfolios.
The San Francisco City and County Employees Retirement System (SFERS) has issued a RFP for consulting services for its real assets portfolio.