Public Pension Plans

North Carolina eyes in-state private equity investment

By Doug Halonen     November 19, 2009

North Carolina Retirement Systems, Raleigh, issued an RFP for a private equity manager to run up to $250 million in an economically targeted fund for “investment opportunities with significant...

Tennessee assigns $25 million to Draper Fisher fund

By Christine Williamson     November 18, 2009

Tennessee Consolidated Retirement System, Nashville, committed $25 million to Draper Fisher Jurvetson Fund X, according to Lamar Villere, director of private equity. The commitment is the...

Michigan pension plan, other investors sue Boeing

By John Pletz     November 17, 2009

Boeing is being sued by shareholders, including the $202 million Livonia (Mich.) City Employees Retirement System, who claim the company misled them about problems with its 787 Dreamliner, which has been plagued by setbacks.

Maryland on lookout for private equity, real estate consultants

By Doug Halonen     November 17, 2009

Maryland State Retirement and Pension System, Baltimore, issued RFIs for private equity and real estate consultants, said Robert Burd, the $32 billion system's managing director.The contract with ...

CDC commits to pension ‘buy-in’ with Rothesay Life

By Drew Carter     November 17, 2009

CDC Pensions Scheme, London, committed its £370 million ($619 million) in assets to a pension “buy-in” with Rothesay Life, CDC spokeswoman Miriam de Lacy confirmed.In the deal, ...

Connecticut seeks stable value, target-date managers

By Douglas Appell     November 16, 2009

The state of Connecticut issued RFPs for an investment manager to run a $1.1 billion stable value fund for the state’s 457 and 403(b) plans and its Alternate Retirement Program, and an...

Wilshire pushing CalPERS to stiffen disclosure penalties

By Randy Diamond and Arleen Jacobius     November 16, 2009

CalPERS should severely penalize money managers who do not disclose fees they've paid to placement agents to get business from the plan, the $196.6 billion system's investment consultant is recommending.

Chicago Teachers issues manager-of-managers RFP

By Barry B. Burr     November 11, 2009

Chicago Public School Teachers’ Pension and Retirement Fund is searching for a firm to run a $90 million to $150 million manager-of-managers program in international equity.The managers in...

Mn nears obtaining its first U.K. client

By Thao Hua     November 11, 2009

Macmillan Cancer Support Pension Scheme, London, is close to hiring Mn Services as fiduciary manager of the £20 million ($33 million) fund, according to Sarah Smart, chairwoman of the...

Consultant, adviser on North Yorkshire radar

By Thao Hua     November 11, 2009

North Yorkshire County Council Pension Fund, Northallerton, England, issued RFPs for an investment consultant and an independent investment adviser, according to Tom Morrison, principal accountant of ...

Illinois Universities picks infrastructure, PPIP firms

By Barry B. Burr     November 9, 2009

Illinois State Universities Retirement System, Champaign, hired Alinda Capital Partners and Macquarie Capital to run $40 million each in the system's first infrastructure allocation,...

CalSTRS sticks with PCA

By Arleen Jacobius     November 6, 2009

CalSTRS selected incumbent Pension Consulting Alliance as general investment consultant, subject to negotiation of terms and conditions, CIO Christopher Ailman wrote in an e-mail response to...

Boston plan goes for debtor-in-possession manager

By Timothy Inklebarger     November 6, 2009

State-Boston Retirement System is searching for managers to run up to $50 million in a debtor-in-possession financing.The RFP is posted on the website of the Massachusetts Public Employee...

Lambeth on lookout for LDI, other managers

By Drew Carter     November 6, 2009

London Borough of Lambeth is searching for as many as eight managers to run about £575 million ($951 million), including £210 million in a liability-driven investing portfolio, said Harry Musisi,...

Today’s Markets

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Emerging Markets Webcast

Tuesday, November 9, 2009

Cynthia Steer of Rogers Casey and George Hoguet from SSGA discuss the new asset class of choice - Emerging Markets

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Featured Web Seminars

Join Northern Trust experts in a conversation about monitoring and managing alternative asset risk in the context of today's market volatility and challenging liquidity environment.

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December 2, 2009 - 2:00 pm - 3:00 pm EST

Securities lending has emerged from the credit crisis with renewed focus on transparency and risk. Following increased review by regulators, the industry is preparing for further changes.

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Face to Face

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Working the angles: Face to face with Roger Gray

The new CIO of USS discusses his plan to boost the pension fund's allocation to hedge funds and other alternative investments, taking cash out of public equities to fund the move to a "more liability-aware stance and a more diversified asset allocation."

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