While some pension funds have played it safe since the financial crisis, others have taken a more aggressive stance when it comes to investing. Many pension funds are allocating steadily to private equity, this asset class is said to be a staple of many large pension plans. One pension fund allocating a great deal to private equity this year is the New York State Common Retirement Fund.
Florida-based St. Petersburg Fire Pension Fund has awarded approximately $10 million to its new small-cap value manager.
SEOUL, KOREA – The volume of alternative investment to be made by Korea’s top-ten pension funds is estimated at around 22 trillion won, 73 percent higher than last year’s. The Korea Economic Daily conducted a survey on chief investment managers of top-ten pension funds who will attend the 2013 Alternative Investment Summit Korea on May 14 and found out the estimated investment sum by the ten funds was 22.47 trillion won.
Massachusetts-located Somerville Retirement Board will soon hire the Somerville Retirement System’s first executive director.
Pennsylvania’s Lower Salford Township is reportedly looking for an investment consultant for its Police and Non-Uniformed pension plans.
Tennessee’s $37 billion Consolidated Retirement System will soon replace its current director of private equity Lamar Villere, who will be stepping down.
New York-based Segal Rogerscasey and Australia-based consultant Frontier Advisors have established the Global Investment Research Alliance, which plans to share research on investment managers across global regions.
Institutional investor Sacramento County Employees’ Retirement System has authorized a hedge fund investment, deploying approximately $66 million.
California-based Ventura County Employees’ Retirement Association has recruited its first master limited partnership manager.
RALEIGH, N.C. — North Carolina lawmakers want to give state Treasurer Janet Cowell more flexibility in how to invest public employee pension funds. The Senate voted by a wide margin Monday to change the composition of alternative investments beyond stocks and bonds in the state retirement system portfolio, valued recently at $78 billion.
5/17/13 •Pension Fund in Florida Replaces Small-Cap Value Manager
5/16/13 •Somerville Retirement System Seeks First Executive Director
5/16/13 •Tennessee Consolidated’s Private Equity Director Departs
5/15/13 •Segal Rogerscasey Forms Alliance with Australian Consultant
5/14/13 •New York CRF Bets on Private Equity
5/13/13 •Calif. Pension Hires Hedge Fund Manager AQR
5/09/13 •Ventura County Pension Makes Move Into MLPs
5/09/13 •NC Senate OKs more pension fund investment choice
5/09/13 •Oregon Pension Invests in Infrastructure Funds
5/08/13 •Baltimore Pension Chief to Retire
5/07/13 •PA SERS Approves $700 Million in Investments
5/02/13 •Kodak sells document and imaging business for $650m to UK pension fund
5/02/13 •Atlanta pension fund’s first steps into alternatives not easy
5/02/13 •Kansas PERS Changes Target Allocations
5/02/13 •URS Executive Director Set to Retire
4/29/13 •Az. Public Safety Pension Calls On Three Funds
4/25/13 •Quebec pension fund invests in U.S. multifamily real estate
4/24/13 •NZ Superannuation Fund Sells Timber Assets
4/22/13 •Maine Pension Announces New Private Equity Moves
4/22/13 •Hawaii Retirement System Nabs New Private Equity Consultant