Skip to main content
MENU
Subscribe
  • Sign Up Free
  • LOGIN
  • Subscribe
  • Topics
    • Alternatives
    • Artificial Intelligence
    • Consultants
    • Defined Contribution
    • ESG
    • ETFs
    • Face to Face
    • Hedge Funds
    • Industry Voices
    • Investing
    • Money Management
    • Partner Content
    • Pension Funds
    • Private Equity
    • Real Estate
    • Regulation
    • SECURE 2.0
    • Special Reports
    • Washington
    • 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
    • Influential Women in Institutional Investing 2023
    • 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
    • ESG Investing | Industry Brief
    • Innovation in ESG Investing
    • 2023 ESG Investing Conference
    • ESG Rated ETFs
    • Divestment Database
  • Defined Contribution
    • Latest DC News
    • The Plan Sponsor's Guide to Retirement Income
    • DC Money Manager Rankings
    • DC Record Keeper Rankings
    • Innovations in DC
    • Trends in DC: Focus on Retirement Income
    • 2023 Defined Contribution East Conference
  • Searches & Hires
    • Latest Searches & Hires News
    • Searches & Hires Database
    • RFPs
  • Research Center
    • The P&I Research Center
    • Earnings Tracker
    • Endowment Returns Tracker
    • Corporate Pension Contribution Tracker
    • Pension Fund Returns Tracker
    • Pension Risk Transfer Database
  • Careers
  • Events
    • View All Conferences
    • View All Webinars
Breadcrumb
  1. Home
  2. Print
July 24, 2006 01:00 AM

Changes Ahead

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

    Lothian Pension Fund, Edinburgh, is searching for at least one manager to run £230 million ($423 million) in active global fixed income, according to Kate Brett, investment analyst at the £2.6 billion fund. The strategy will target one percentage point per annum above the Merrill Lynch Sterling Broad Market index over 10 years. The manager will be able to deviate from the benchmark within limits to be discussed later, Ms. Brett said. "This will give the manager more freedom to invest in emerging markets, high yield and other asset classes," Ms. Brett said. The portfolio, now managed by Henderson Global Investors to a custom benchmark, comprises the fund's entire fixed-income allocation. Henderson is invited to rebid. The RFI is available from Charlie Hall via e-mail at [email protected]. Proposals are due Aug. 3.

    Seattle City Employees' Retirement System is searching for up to three active domestic large-cap equity managers to run a combined $180 million. System officials will consider growth, value and core styles, according to the RFP. The contract of Wellington Management, which runs a $90 million active domestic large-cap core portfolio for the $1.9 billion fund, expires Dec. 31. Wellington may rebid. Fund officials are considering doubling the size of the existing portfolio, said Mel Robertson, CIO. Fund officials are also seeking up to four active domestic fixed-income managers to oversee a combined $200 million. The contracts of three of the fund's active domestic fixed-income managers — Western Asset Management, which runs $126 million; Reams Asset Management, $29 million; and Pugh Capital Management, $25 million — expire Sept. 30, and all three firms may rebid. Both RFPs can be found at www.ci.seattle.wa.us/retirement/rfp.htm. Proposals for the equity search are due by 8 a.m. PDT Aug. 7; proposals for the fixed-income search are due by 8 a.m. PDT on Aug. 14.

    Taunton (Mass.) Contributory Retirement System issued an RFP for a manager to run $16 million in an S&P 500 index fund or an enhanced S&P 500 portfolio, confirmed Carol Tam, financial analyst for Segal Advisors, consultant to the $159 million plan. Proposals will be accepted for commingled or mutual funds and separate accounts. The RFP is available by contacting Ms. Tam at [email protected]. Proposals are due by 3 p.m. EDT Aug. 1.

    Los Angeles County Employees Retirement Association, Pasadena, Calif., will search for a private equity consultant, said Christopher J. Wagner, senior investment analyst, private equity. The $34 billion fund's contract with incumbent Pathway Capital Management, which helps oversee the fund's $1.9 billion private equity portfolio, expires at the end of the year. Pathway is invited to rebid. The RFP will be posted on the fund's website, www.lacera.com. Proposals are due by Aug. 16.

    Illinois State Board of Investment, Chicago, plans to issue an RFP for managers specializing in infrastructure investments to run $282 million, said William R. Atwood, executive director of the $11.3 billion fund. The board plans to invest 5% of total assets in infrastructure investments, half this year and half next year, depending on the suitability of opportunities. Among major areas the board is considering are: transportation, including roads, bridges and airports; energy transmission, including high-tension power lines and oil pipelines; communications, including satellites; and investments such as leasebacks of public facilities. Infrastructure, a new asset class for the board, was chosen because of its low correlation with other asset classes and because it is a proxy for fixed income, he said. "This is an instance where being early (in investing in infrastructure) works to our advantage," Mr. Atwood said, noting there is also some uncertainty in entering a new area. Funding could come from fixed income; details have not been established. Marquette Associates, the board's consultant, is handling the RFP. Also, the board plans to commit $150 million a year over the next three years to private equity and is searching for investments, said William R. Atwood, executive director of the $11.3 billion fund. The board is seeking direct private equity manager relationships and not funds of funds. Funding will come from capital returned from existing private equity investments The board hired Franklin Park Associates as private equity consultant to oversee searches, he said. The fund has 4% of its total assets in private equity, Mr. Atwood said.

    Fairfax County Educational Employees' Supplementary Retirement System, Springfield, Va., issued an RFP for a provider to perform an actuarial valuation of its two pension plans, according to the plan's website. Alan Belstock, executive director, did not return calls seeking more information. The two plans have assets totaling $1.7 billion. The RFP is available at www.fcps.edu/ERFC. Proposals are due July 31.

    Pittsfield (Mass.) Contributory Retirement System issued an RFP for a manager to run $21 million in active domestic core-plus fixed income. Carol Tam, analyst at consultant Segal Advisors, said the $84 million plan may replace an existing manager, which she declined to identify. Freedom Capital Management ran the plan's bond assets as of December 2004, according to the latest data from the Money Market Directory. Karen Lancto, executive director of the plan, referred questions to Segal Advisors. The RFP is available by contacting Brian Keenan, financial analyst for Segal, at Bk[email protected]. Proposals are due at 3 p.m. EDT Aug. 3.

    Recommended for You
    Read the print edition of P&I
    Citadel's Ken Griffin gives $125 million to Chicago museum; name will change
    Citadel's Ken Griffin gives $125 million to Chicago museum; name will change
    Gender diversity is improving on FTSE 350 boards
    Gender diversity is improving on FTSE 350 boards
    Carving a Path For Fixed Income Through Shifting Scenarios
    Sponsored Content: Carving a Path For Fixed Income Through Shifting Scenarios
    Sponsored
    White Papers
    2023 Hot Topics in Retirement and Financial Wellbeing
    Bonds: Shaken, but Not Stirred
    Today’s rate cycle and US equities in target date portfolios
    A Study of Allocations to Alternative Investments by Institutions and Financial…
    Unlocking Hidden Value in Japan
    The Art of the Possible in Data Automation for Institutional Investors
    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 Custom Content
    • 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
      • Artificial Intelligence
      • Consultants
      • Defined Contribution
      • ESG
      • ETFs
      • Face to Face
      • Hedge Funds
      • Industry Voices
      • Investing
      • Money Management
      • Partner Content
      • Pension Funds
      • Private Equity
      • Real Estate
      • Regulation
      • SECURE 2.0
      • Special Reports
      • Washington
      • 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
      • Influential Women in Institutional Investing 2023
      • 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
      • ESG Investing | Industry Brief
      • Innovation in ESG Investing
      • 2023 ESG Investing Conference
      • ESG Rated ETFs
      • Divestment Database
    • Defined Contribution
      • Latest DC News
      • The Plan Sponsor's Guide to Retirement Income
      • DC Money Manager Rankings
      • DC Record Keeper Rankings
      • Innovations in DC
      • Trends in DC: Focus on Retirement Income
      • 2023 Defined Contribution East Conference
    • Searches & Hires
      • Latest Searches & Hires News
      • Searches & Hires Database
      • RFPs
    • Research Center
      • The P&I Research Center
      • Earnings Tracker
      • Endowment Returns Tracker
      • Corporate Pension Contribution Tracker
      • Pension Fund Returns Tracker
      • Pension Risk Transfer Database
    • Careers
    • Events
      • View All Conferences
      • View All Webinars