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Leads Database

Mandate Pipeline

OPERS Approves EMD, Alternative Commitments

– Along with a hefty allocation to alternative asset classes this week, the $87.7 billion Ohio Public Employees’ Retirement System (OPERS) Board of Trustees also decided to award Aberdeen Asset Management with an $850 million emerging markets debt (EMD) account.

Detroit Pension Funds Agree to Settlement

– One of Detroit's two pension boards approved a settlement with the city Wednesday that calls for dramatically lower pension cuts than originally proposed by the city earlier in its bankruptcy case.

Ratings Agencies Comment on Puerto Rico Pension Decision

– Both Fitch Ratings and Standard & Poor's say it will be a credit negative if Puerto Rico's government cannot find a way to address the deficit in the commonwealth's teachers' pension system.

MassPRIM Publishes Real Estate, Timber Consulting Search

– The $57 billion Massachusetts Pension Reserves Investment Management (PRIM) Board is currently accepting bids for real estate and timber consulting services.

Detroit Cuts Deal With Police and Fire Retirees

– Detroit's police and fire retirees would not see their pensions cut under a settlement reached with the bankrupt city.

INTECH Boosts Consultant Relations Presence

– INTECH Investment Management hired Adam Craig, a 21 year investment management and consulting veteran, to grow the global quantitative manager’s relationships with investment consultants.

St. Louis County Fund Reviews Small-Cap Replacements

– The St. Louis County Retirement Plan Board is currently exploring small-cap replacements for IronBridge Capital Management, according to recently published meeting minutes.

Florida Lawmakers Want Pension Reform

– Florida's pension plan for public employees faces new reform measures in the Legislature though it is considered well-funded by analysts compared with many other states.

Iowa Municipal Hoses & Guns Hires Private Equity Managers

– As promised, the Municipal Fire and Police Retirement System of Iowa (MFPRSI) decided last week to allocate more than $100 million to current managers in its private equity portfolio.

Fairfax County Educators Consider Turner Termination

– Investment Committee members for the Education Employees’ Supplementary Retirement System of Fairfax County (ERFC) recently considered the termination of Turner Investments’ large-cap growth equity account due to organizational changes, IMMP has learned.

Manchester Contributory Pension Pens PE Contracts

– The City of Manchester Employees’ Contributory Retirement System (MCERS) Board of Trustees recently signed Lexington Partners and Private Advisors to new private equity contracts, plan Executive Director Gerald Fleury confirmed.

TIAA-CREF Buys Nuveen Investments

– TIAA-CREF has agreed to buy Nuveen Investments from private equity firm Madison Dearborn Partners for approximately $6.25 billion.

Puerto Rico Supreme Court Strikes Down Teacher Pension Reform

– Puerto Rico's Supreme Court has declared unconstitutional the teachers' pension reform passed by the Puerto Rico government in December.

Moody's: Pension Risk Will Stay Higher For States and Localities Than for Corporations

– Pension risks for state and local governments will continue to be higher than those for corporations, Moody's Investors Service said in a report.

State of Wisconsin Investment Board Taps New Trustee

– David Stein, an executive with Associated Banc-Corp, said to bring wealth of professional experience to position.