Investment Management Weekly articles from July 2009

Investment Management Weekly archives from July 2009

Derivatives Spark Lawsuit for Texas TRS.(News)
July 6, 2009... Byline: Editorial Staff The Teacher Retirement System of Texas has been slapped with a lawsuit regarding its investment in derivatives. Last week, a group of retirement and active teachers sued the fund over what it said was a "$400...

Haldeman Steps Down From Putnam Roles.(News)
July 6, 2009... Byline: Editorial Staff, Money Management Executive After postponing his retirement following the sale of Putnam Investments to Power Financial two years ago, Charles "Ed" Haldeman has stepped down from his positions as chairman of Putnam...

Munder Creates President Role.(News)
July 6, 2009... Byline: Editorial Staff Munder Capital Management has selected James FitzGerald to serve as its first ever president, a newly created position in which he will report to John Adams, the firm's CEO and CIO. While retaining his...

Luzerne County to Explore TALF.(News)
July 6, 2009... Byline: Jakema Lewis The Luzerne County Retirement System will invest a portion of its portfolio with Term Asset-Backed Loan Facility (TALF) managers, said investment consultant Richard Hazzouri of Morgan Stanley Smith Barney. The...

Hall Capital Names New President.(News)
July 6, 2009... Byline: Editorial Staff John Buoymaster will now serve as president of Hall Capital Partners, the firm announced in a statement. Buoymaster, who will also continue to hold the position of director of portfolio management, replaces John...

San Jose Plan Wraps Convertibles Search.(News)
July 6, 2009... Byline: Marc Sorondo Calamos Advisors has been tapped by the San Jose Police and Fire Department Retirement Plan to oversee a $50 million convertible securities mandate. Ron Kumar, financial analyst at the $2.56 billion plan, said...

San Diego Gov't. Plan Issues RFP.(News)
July 6, 2009... Byline: Marc Sorondo The San Diego Association of Governments (SANDAG) is looking to hire a firm to provide investment management, advisory and reporting services for its portfolios. The contract would be for a four-year term, with...

Hedge Funds Will Play By The Rules, Whatever They Are.(News)
July 6, 2009... Byline: Gerelyn Terzo, Investment Dealers' Digest While much of the nation's capital remains fixated on health care, another potentially sweeping change awaits. Hedge fund managers, who shouldered plenty of blame for the destabilization of...

UBS Vet Opens Firm.(News)
July 6, 2009... Byline: Editorial Staff Brian Singer has launched investment management firm Singer Partners, which will reunite him with former UBS Global Asset Management colleagues. Singer, who resigned from his post of Americas CIO and head of...

Iowa PERS Makes Portfolio Changes.(News)
July 6, 2009... Byline: Marc Sorondo The Iowa Public Employees' Retirement System (IPERS) has approved increases in its allocations to long-only enhanced equity index strategies and to global macro for use in portable alpha strategies, said Karl Koch, CIO...

Wilshire Looks to Expand Private Markets Group.(News)
July 6, 2009... Byline: Marc Sorondo Kevin Nee has been named president of Wilshire Private Markets, where he will work to consolidate and expand the firm's operations domestically and internationally. He joins the firm from BlackRock's private equity...

Towers Perrin, Watson Wyatt Merge.(News)
July 6, 2009... Byline: Jonathan Marino, Mergers Unleashed Towers Perrin, the privately held New York-based human resources and risk assessment firm, will merge with Watson Wyatt, a Virginia-based competitor, in a $3.5 billion merger of equals that will...

Alameda County Reviews Investment.(News)
July 6, 2009... Byline: Marc Sorondo The Alameda County Employees' Retirement Association (ACERA) discussed a special situations investment earlier this month, according to recently released minutes from an investment committee meeting. The plan's...

More Alternatives in New Mexico PERA's Future.(News)
July 6, 2009... Byline: Marc Sorondo The New Mexico Public Employees' Retirement Association (NMPERA) will implement an action plan to get its alternative investment allocations up to target by the end of 2009, Robert Gish, director of investments with...

Madoff Receives 150-Year Sentence.(News)
July 6, 2009... Byline: Gerelyn Terzo, Investment Dealers' Digest Bernie Madoff, the mastermind behind a massive multi-billion dollar billion Ponzi scheme, a fraud measured by some to have reached $65 billion, was sentenced to 150 years in prison, the...

Hedge Fund Gets New CEO.(News)
July 6, 2009... Byline: Editorial Staff James Marrone has been named as the new CEO of Capital Z Asset Management (CZAM) effective Aug. 1. He will also retain his current responsibilities as head of business development and chief marketing officer....

LACERS Remains with PCA.(News)
July 6, 2009... Byline: Marc Sorondo The Los Angeles City Employees' Retirement System (LACERS) has extended the contract of general investment consultant Pension Consulting Alliance (PCA) for an additional year, said Linda Aparicio, spokeswoman for the...