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
August 19, 2002 01:00 AM

Changes Ahead

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

    Metropolitan Transportation Authority, New York, is searching for a third-party administrator, a stable value mutual fund manager and a provider of education and information services for its 457 and 401(k) plans, which total $850 million, said Sal Acosta, manager-deferred compensation. The system is required to put the contracts out for bid every five years, Mr. Acosta said. Prudential is third-party administrator and provides education and information services; T. Rowe Price, Galliard and Prudential manage the $300 million stable value fund. All incumbents may rebid, he said. Proposals are due Aug. 21 and are available from Paul Fallon, senior manager of contracts, at (212) 878-0176.

    New Orleans Firemen's Retirement System began a search for its first real estate managers, said Joe Meals of Consulting Services Group, the alternatives consultant to the $200 million pension plan. "We want to develop a diversified real estate portfolio and may hire a few managers with different strategies," Mr. Meals said. Funding for the $10 million allocation will come from domestic equities, which have been sold and are parked in a cash account. The RFP is available by e-mailing [email protected]; responses are due Sept. 13.

    Brockton (Mass.) Contributory Retirement System is issuing an RFP for an active domestic all-cap core equity manager to run up to $5 million for the $165 million pension plan, said Harold P. Hanna Jr., executive director. Funding will come from annual appropriations from the city of Brockton and from the maturing investments in the L&B Property Fund IV and the SSR Realty MAC Trust Fund. Separately, the plan is issuing an RFP for a commission recapture broker. The plan uses Trading Partners and would like to have another option, he said. Copies of both RFPs are available online at www.winvcounsel.com/docs/rfps.html. All proposals are due Sept. 13. Wainwright Investment Counsel is advising.

    Hawaii Deferred Compensation Fund, Honolulu, issued an RFP for a third-party administrator for its $975 million 457 plan, said Sandi Yahiro, personnel management specialist. The system periodically conducts such searches, the last of which was in 1996; and Ms. Yahiro said the fund has no complaints about incumbent Hawaii Benefits Inc. Further information was not available by press time.

    San Francisco City & County Employees' Retirement System in September will decide when to launch a series of searches for equity managers, including enhanced S&P 500 (ex-tobacco) and active large-cap value equities, and how to implement its new asset allocation. The system reduced U.S. equities by one percentage point to 31% and trimmed international stocks three percentage points to 15%. Real estate was raised four percentage points to 12%, and fixed income and alternatives remained stable at 30% and 12%, respectively.

    Drew University, Madison, N.J., in the next two months will search for an opportunistic international equity manager to handle $10 million for the the $200 million endowment, said Jeffrey Balog, associate treasurer. Officials at the fund have not decided whether the style will be aggressive growth or value. Funding will come from reducing fixed-income portfolios across the board; no terminations are expected, he said. If the endowment uses a consultant for the search, Callan Associates will assist, he said.

    Palm Beach Employees' Retirement System, Palm Beach, Calif., is reviewing its $58 million public safety pension plan, and new consultant Prime Buchholz likely will suggest asset allocation changes and searches for more investment managers, said William Crouse, director of human resources and pension administrator. All decisions on searches and rebalancing will be made at the board's Sept. 24 meeting, he said.

    LG&E Energy Corp., Louisville, Ky., may invest up to $25 million in a REIT, said Roger L. Smith, manager of benefits and compensation. The $500 million pension plan conducted some informal interviews and has no deadline for deciding if it will make the REIT allocation or how it would be funded, he said. LCG Associates is advising.

    South Jersey Industries Inc., Folsom, N.J., in July began an asset allocation study of its bargaining and non-bargaining unit pension plans, which have $50 million in combined assets, said Wayne Robertson, manager of labor and benefits. The plans jointly conduct an annual asset allocation study, he said. It is too early to predict manager changes, Mr. Robertson said. Further details were not available.

    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
    Private Markets
    Sponsored Content: Private Markets

    Reader Poll

    August 10, 2022
    SEE MORE POLLS >
    Sponsored
    White Papers
    Gaining Momentum: Where Next for Trend-Following?
    The market opportunity in U.S. residential mortgage-backed securities
    Credit Indices Evolve with Enhanced Data Inputs
    Hedge Funds 2.0: Back to the future
    How Has 2022's Carnage Reshaped Global Stock and Bond Markets?
    Crossroads: Politics, Inflation, & Bonds
    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
    August 1, 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