Skip to main content
MENU
Subscribe
  • Subscribe
  • Account
  • LOGIN
  • Topics
    • Alternatives
    • Consultants
    • Coronavirus
    • Courts
    • Defined Contribution
    • ESG
    • ETFs
    • Hedge Funds
    • Industry Voices
    • Investing
    • Money Management
    • Opinion
    • Partner Content
    • Pension Funds
    • Private Equity
    • Real Estate
    • Russia-Ukraine War
    • SECURE Act 2.0
    • Special Reports
    • White Papers
  • Rankings & Awards
    • 1,000 Largest Retirement Plans
    • Top-Performing Managers
    • Largest Money Managers
    • DC Money Managers
    • DC Record Keepers
    • Largest Hedge Fund Managers
    • World's Largest Retirement Funds
    • Best Places to Work in Money Management
    • Excellence & Innovation Awards
    • WPS Innovation Awards
    • Eddy Awards
  • ETFs
    • Latest ETF News
    • Fund Screener
    • Education Center
    • Equities
    • Fixed Income
    • Commodities
    • Actively Managed
    • Alternatives
    • ESG Rated
  • ESG
    • Latest ESG News
    • The Institutional Investor’s Guide to ESG Investing
    • ESG Sustainability - Gaining Momentum
    • Climate Change: The Inescapable Opportunity
    • Impact Investing
    • 2022 ESG Investing Conference
    • ESG Rated ETFs
  • Defined Contribution
    • Latest DC News
    • DC Money Manager Rankings
    • DC Record Keeper Rankings
    • Innovations in DC
    • Trends in DC: Focus on Retirement Income
    • 2022 Defined Contribution East Conference
    • 2022 DC Investment Lineup Conference
  • Searches & Hires
    • Latest Searches & Hires News
    • Searches & Hires Database
    • RFPs
  • Performance Data
    • P&I Research Center
    • Earnings Tracker
    • Endowment Returns Tracker
    • Corporate Pension Contribution Tracker
    • Pension Fund Returns Tracker
    • Pension Risk Transfer Database
    • Future of Investments Research Series
    • Charts & Infographics
    • Polls
  • Careers
  • Events
    • View All Conferences
    • View All Webinars
    • 2022 Retirement Income Conference
    • 2022 Managing Pension Risk & Liabilities
    • 2022 WorldPensionSummit
Breadcrumb
  1. Home
  2. Print
November 24, 1997 12:00 AM

AT DEADLINE

  • Tweet
  • Share
  • Share
  • Email
  • More
    Reprints Print

    CalPERS narrows list

    The $124 billion California Public Employees' Retirement System narrowed its search for U.S. equity managers to 25 strategies from a previous list of 65. The system plans to select about 10 strategies for a total of about $8 billion.

    Managers are: Brinson; Denver Investment; Geewax, Terker; RCM; Dimensional Fund; Ark Asset; Rosenberg; State Street; Trinity; Brown Capital; Boston Co.; Oppenheimer; New Amsterdam; Putnam; Oak; Goldman Sachs; RB Haave; U.S. Trust of New York; Cohen Klingenstein; and Fleming Capital.

    Some managers were picked for more than one strategy. The list could be further narrowed in February; final selections are expected in March.

    CalPERS also retained Dimensional Fund Advisors as manager of a $1.2 billion U.S. passive small-cap equity portfolio, subject to successful fee negotiations. If negotiations aren't successful, State Street Global will get the contract.

    Trust to boost equities

    The $130 million Yankee Atomic Electric Nuclear Decommissioning Trust plans to nearly double its equity allocation over the next 11/2 years, said Timothy S. Conry, treasury manager.

    The fund, now 30%equity and 70%fixed income, plans a 50-50 allocation.

    In about a year, it may consider adding more managers, Mr. Conry said.

    Chicago Firemen taps 2

    The $1 billion Chicago Firemen's Annuity Benefit Fund hired Invista Capital and INVESCO to manage active core international equity portfolios of $25 million each.

    They replace J.P. Morgan, said Ken Kaczmarz, executive director.

    Mercer assisted.

    Alaska hires AEW

    Trustees of the $19 billion Alaska Permanent Fund voted to hire AEW Capital Management to manage a $300 million REIT, said spokesman Jim Kelly.

    Kaiser taps TT International

    The $520 million Henry J. Kaiser Family Foundation hired TT International as an international small-cap to midcap equity manager to run $20 million.

    Cambridge Associates assisted.

    Pontiac hires for small cap

    The $208 million Pontiac (Mich.) Policemen and Firemen Retirement Fund hired PNC Equity Management, Loomis Sayles and STI Capital Management as small-cap managers. PNC will manage $10 million in small-cap growth; Loomis, $10 million in small-cap value; and STI, $5 million in small-cap value. They replace Kennedy Capital Management. Callan assisted.

    Managers top index

    The median emerging markets equity manager in the InterSec Research universe posted a -3.6% return in the third quarter, compared with -9.3%in the MSCI Emerging Markets Free index.

    The median manager outperformed in each of four regional categories: Asia, Europe, Latin America, and the Middle East and Africa.

    LACERA promotes ICM

    The $22 billion Los Angeles County Employees' Retirement Association selected ICM Asset Management for a $150 million small-cap to midcap domestic equity assignment.

    ICM had been managing a $20 million small-cap portfolio for the fund as part of a team of managers under management of Northern Trust Global Advisors. ICM's status change resulted from its good performance. Funding will come from a Russell 2000 index fund with Bankers Trust.

    Dudley named CEO

    Orie L. Dudley Jr. has been named CEO of Scottish Widows Investment Management, effective Jan. 5. He succeeds David Ritchie, who is retiring. Mr. Dudley now is managing director of Barclays Asset Management, where he has not been replaced.

    Putnam picks director

    John M. Brown was named a managing director at Putnam Investments, a new position. He will be responsible for Putnam's defined benefit business. Mr. Brown was CEO and managing director at State Street Australia, where he has been replaced on an interim basis by Bob Williams.

    Kingfisher hires custodian

    The Kingfisher Pension Scheme, London, hired State Street Bank as global custodian for the 800 million pounds ($1.35 billion) fund. State Street replaces Citibank.

    Tufts taps Putnam

    Tufts Health Plans hired Putnam Institutional Management as a high-yield bond manager for its $200 million general corporate fund. Tufts allocated $10 million to the new asset class. Assets came from reducing allocations to investment-grade bond managers.

    Prime Buchholz assisted.

    SS&C acquires Mabel

    SS&C Technologies Inc., a provider of investment software and services, signed an agreement to acquire Mabel Systems B.V., Amsterdam, a provider of portfolio management systems.

    SS&C acquired all of Mabel's outstanding share capital for $850,000 in cash to be paid in four installments, and $750,000 in SS&C stock. SS&C also agreed to pay up to an additional $1.9 million in cash if Mabel Systems achieves certain revenue targets over the next three years.

    Recommended for You
    Read the print edition of P&I
    Read the print edition of P&I
    How low is low? Projections say it's not low enough
    How low is low? Projections say it's not low enough
    FINRA honors Wharton's Olivia Mitchell with Ketchum Prize
    FINRA honors Wharton's Olivia Mitchell with Ketchum Prize
    New SEC Rule on Fair Pricing Determination Needs Careful Consideration
    Sponsored Content: New SEC Rule on Fair Pricing Determination Needs Careful Consideration

    Reader Poll

    June 6, 2022
    SEE MORE POLLS >
    Sponsored
    White Papers
    Nearing the finish line: Ideas on end-state investing for corporate DB plans
    The Meaning of "Portfolio Intelligence"
    Credit Indices: Closing the Fixed Income Evolutionary Gap
    Forever in Style: Benchmarking with the Morningstar® Broad Style Indexes℠
    Crossroads: Politics, Inflation, & Bonds
    Is there a mid-cap gap in your DC plan?
    View More
    Sponsored Content
    Partner Content
    The Industrialization of ESG Investment
    For institutional investors, ETFs can make meeting liquidity needs easier
    Gold: the most effective commodity investment
    2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios
    Ten ways retirement plan professionals add value to plan sponsors
    Gold: an efficient hedge
    View More
    E-MAIL NEWSLETTERS

    Sign up and get the best of News delivered straight to your email inbox, free of charge. Choose your news – we will deliver.

    Subscribe Today
    June 20, 2022 page one

    Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors.

    Subscribe
    Connect With Us
    • RSS
    • Twitter
    • Facebook
    • LinkedIn

    Our Mission

    To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market.

    About Us

    Main Office
    685 Third Avenue
    Tenth Floor
    New York, NY 10017-4036

    Chicago Office
    130 E. Randolph St.
    Suite 3200
    Chicago, IL 60601

    Contact Us

    Careers at Crain

    About Pensions & Investments

     

    Advertising
    • Media Kit
    • P&I Content Solutions
    • P&I Careers | Post a Job
    • Reprints & Permissions
    Resources
    • Subscribe
    • Newsletters
    • FAQ
    • P&I Research Center
    • Site map
    • Staff Directory
    Legal
    • Privacy Policy
    • Terms and Conditions
    • Privacy Request
    Pensions & Investments
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • Topics
      • Alternatives
      • Consultants
      • Coronavirus
      • Courts
      • Defined Contribution
      • ESG
      • ETFs
      • Hedge Funds
      • Industry Voices
      • Investing
      • Money Management
      • Opinion
      • Partner Content
      • Pension Funds
      • Private Equity
      • Real Estate
      • Russia-Ukraine War
      • SECURE Act 2.0
      • Special Reports
      • White Papers
    • Rankings & Awards
      • 1,000 Largest Retirement Plans
      • Top-Performing Managers
      • Largest Money Managers
      • DC Money Managers
      • DC Record Keepers
      • Largest Hedge Fund Managers
      • World's Largest Retirement Funds
      • Best Places to Work in Money Management
      • Excellence & Innovation Awards
      • WPS Innovation Awards
      • Eddy Awards
    • ETFs
      • Latest ETF News
      • Fund Screener
      • Education Center
      • Equities
      • Fixed Income
      • Commodities
      • Actively Managed
      • Alternatives
      • ESG Rated
    • ESG
      • Latest ESG News
      • The Institutional Investor’s Guide to ESG Investing
      • ESG Sustainability - Gaining Momentum
      • Climate Change: The Inescapable Opportunity
      • Impact Investing
      • 2022 ESG Investing Conference
      • ESG Rated ETFs
    • Defined Contribution
      • Latest DC News
      • DC Money Manager Rankings
      • DC Record Keeper Rankings
      • Innovations in DC
      • Trends in DC: Focus on Retirement Income
      • 2022 Defined Contribution East Conference
      • 2022 DC Investment Lineup Conference
    • Searches & Hires
      • Latest Searches & Hires News
      • Searches & Hires Database
      • RFPs
    • Performance Data
      • P&I Research Center
      • Earnings Tracker
      • Endowment Returns Tracker
      • Corporate Pension Contribution Tracker
      • Pension Fund Returns Tracker
      • Pension Risk Transfer Database
      • Future of Investments Research Series
      • Charts & Infographics
      • Polls
    • Careers
    • Events
      • View All Conferences
      • View All Webinars
      • 2022 Retirement Income Conference
      • 2022 Managing Pension Risk & Liabilities
      • 2022 WorldPensionSummit