Skip to main content
MENU
Subscribe
  • Sign Up Free
  • LOGIN
  • Subscribe
  • Topics
    • Alternatives
    • Consultants
    • Coronavirus
    • Courts
    • Defined Contribution
    • ESG
    • ETFs
    • Face to Face
    • Hedge Funds
    • Industry Voices
    • Investing
    • Money Management
    • Opinion
    • Partner Content
    • Pension Funds
    • Private Equity
    • Real Estate
    • Russia-Ukraine War
    • SECURE 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
    • 2023 Defined Contribution East
    • 2023 ESG Investing
Breadcrumb
  1. Home
  2. Online
March 03, 1998 12:00 AM

SEARCHES & HIRINGS Fitchburg (Mass.) Retirement System is searching...

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

    SEARCHES & HIRINGS

    Fitchburg (Mass.) Retirement System is searching for its first international equities manager, said Kevin Leonard, the Segal Advisors consultant who is assisting in the search. The $52 million system is searching for an active, commingled manager to run a $2.5 million portfolio. The system now has all of its assets in a balanced portfolio with Safety Fund National Bank.

    Funding will come from the 60% of the system's assets now in bonds. RFPs will go out this week with a deadline of April 1. Finalists will be picked at the fund's May board meeting.

    City of Orlando, Fla., along with the Orlando General Employees Retirement System, is interviewing seven midgrade corporate bond managers for $24 million to $40 million of operating and pension assets. Neuberger & Berman; Strong Capital; Seix Invesment; Deltec; Pacholder; Dewey Square; and Oaktree will make presentations this week.

    A decision may not immediately follow, said Bruce Harter, city treasurer. The city may split between two firms 7% of both the $350 million city operating fund portfolio and the $190 million pension fund portfolio.

    Kalson & Associates is assisting.

    Whitman Corp., Rolling Meadows, Ill., hired Barclays as the sole manager for its $100 million pension fund, said Andrew Stark, senior financial analyst for Whitman.

    Barclays also was hired as sole manager for the pension funds of Hussmann International and Midas Inc., which recently were spun off from Whitman. Hussmann's plan has $125 million in assets; Midas' plan has $50 million.

    Barclays will run portfolios for all three companies tracking the S&P 500, Wilshire 4500, EAFE and Lehman Aggregate indexes. Each fund will invest roughly 70% in stocks and 30% in bonds. The search was done internally.

    Before the spinoffs, the Whitman plan used several active managers, Mr. Stark said. He would not name the terminated managers.

    Anne Arundel Retirement Systems, Annapolis, Md., hired three managers for its $700 million pension fund, said Thomas W. Mullenix, director-employee benefits.

    Farrell-Wako Global and Lazard Asset Management were assigned $25 million each for U.S. small-cap equities; and Capital Guardian, $51 million for non-U.S. equities. The systems also added $16 million each to the portfolios of ABKB LaSalle, a REIT manager, and Cigna Real Estate. ABKB LaSalle now will manage $34 million; Cigna will run $36 million.

    Funding came from two firms dropped in a reallocation: BEA, which managed $20 million in non-U.S. equities; and MacKay-Shields, which ran $115 million in U.S. large-cap growth stocks. Mercer assisted.

    Conseco Marketing hired two managers to offer additional options in its new Conseco Variable Annuity program. Mitchell Hutchins will manage a growth and income fund and Lazard Freres will manage a core equity fund and a small-cap fund.


    WHO'S NEWS

    Kenneth C. Rogers, former managing director at RogersCasey Asset Services, has become a principal at Arrow Partners, a third-party sales and marketing firm.

    Mr. Rogers' father Stephen Rogers, founded RogersCasey in 1976. A search is under way to replace the younger Mr. Rogers

    Recommended for You
    martin_luther_king_day_generic_i.jpg
    No P&I Daily on Martin Luther King Jr. Day
    Closed sign
    No P&I Daily over the holidays
    Happy_Thanksgiving_i.jpg
    No P&I Daily for Thanksgiving holiday
    Research for Institutional Money Management
    Sponsored Content: Research for Institutional Money Management

    Reader Poll

    January 25, 2023
    SEE MORE POLLS >
    Sponsored
    White Papers
    The Future of Infrastructure: Building a Better Tomorrow
    Fulcrum Issues: Equity Returns and Inflation — Choose Your Own Adventure
    What Matters Most in Considering a Private Debt Strategy
    Why pursue direct lending in the core middle market?
    Research for Institutional Money Management
    Are Factors a Thing of the Past?
    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
    December 12, 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 © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • Topics
      • Alternatives
      • Consultants
      • Coronavirus
      • Courts
      • Defined Contribution
      • ESG
      • ETFs
      • Face to Face
      • Hedge Funds
      • Industry Voices
      • Investing
      • Money Management
      • Opinion
      • Partner Content
      • Pension Funds
      • Private Equity
      • Real Estate
      • Russia-Ukraine War
      • SECURE 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
      • 2023 Defined Contribution East
      • 2023 ESG Investing