Investment Management Weekly articles from August 2008

Investment Management Weekly archives from August 2008

San Diego Discusses Equity Manager.
August 18, 2008... Byline: Marc Sorondo The investment committee of the San Diego City Employees Retirement System (SDCERS) was due to discuss the fate of Putnam Investments and its small-cap value domestic equity portfolio, confirmed Liza Crisafi, deputy...

Wilshire: Funds Had Rough Year and 2Q08.
August 18, 2008... Byline: Jakema Lewis Wilshire Associates has released the findings of its Trust Universe Comparison Service (Wilshire TUCS) for the period ending June 30, 2008, which highlights that across the board for institutional investors, negative...

Odds & Ends.
August 18, 2008... Byline: Editorial Staff * Theodore Noon and Marlene Bonasera have returned to Acadian Asset Management after leaving the firm approximately two years ago. Noon returned after studying at Harvard University to the position of VP of sales,...

DB Cheaper Than DC, Group Says.
August 18, 2008... Byline: Editorial Staff Defined benefit (DB) plans are nearly half as expensive as defined contribution (DC) plans, according to a recent report by the National Institute on Retirement Security. The report indicates that the better...

Report: State Debt, Deficits Growing.
August 18, 2008... Byline: Lynne Funk The combination of bonded debt, budget deficits, and unfunded pension obligations increased in 35 of the 50 states as of the end of fiscal year 2007, and probably will be even higher this year as economic conditions have...

Fresno County Adopts New A/A.
August 18, 2008... Byline: Jakema Lewis The Fresno County Employees Retirement Association (FCERA) has adopted a new asset mix which includes allocations to opportunistic fixed-income, hedge funds and real assets, said Roberto Pena, administrator at the $2.7...

Alameda Reviews TCW-Managed Portfolio.
August 18, 2008... Byline: Marc Sorondo The investment committee of the Alameda County Employees Retirement Association (ACERA) was scheduled to review the Trust Company of the West (TCW) according to the agenda posted on the plans site in anticipation of a...

New Mexico STO Reissues Consultant RFP.
August 18, 2008... Byline: Marc Sorondo The New Mexico State Treasurers Office (STO) has re-launched its search for an advisor due to changes in the criteria, said Joelle Mevi, CIO with the treasurers office. The STO is looking for a firm to assist the...

Florida City Launches Cash Manager Search.
August 18, 2008... Byline: Marc Sorondo The City of Tallahassee has issued an RFP for a manager to oversee a separately managed account for the cityEs general operating portfolio. The RFP notes that the mandate will consist of approximately $50 million...

California PERS Kick Starts CIO Search.
August 18, 2008... Byline: Marc Sorondo The search is on for a permanent replacement for Russell Read as CIO of the $230 billion California Public Employees Retirement System (CalPERS). Read left the fund in June after nearly two years in the position...

Manchester Picks Private Equity FoF Manager.
August 18, 2008... Byline: Marc Sorondo Lexington Capital Partners has been selected by the Manchester Employees Contributory Retirement System (MECRS) to oversee a $2 million private equity fund-of-funds mandate, said Gerry Fleury, executive director of the...

New Investments Made in San Francisco.
August 18, 2008... Byline: Marc Sorondo The San Francisco City & County Employees Retirement System (SFERS) approved allocations to two new alternative funds, said David Kushner, deputy director of investments with the $16.7 billion plan. The board...

San Bernardino Credit Hires Continue.
August 18, 2008... Byline: Marc Sorondo The San Bernardino County Employees Retirement Association (SBCERA) added two more credit managers its roster last week, confirmed Don Pierce, investment officer with the $6 billion California plan. The board...