Domestic Equity
Illinois Plan Axes U.S. Smid-Cap Mgr.; Eyes Replacement RFP

An Illinois pension plan will consider issuing an RFP after terminating a domestic small- to mid-cap equity manager this month.

04.30.20
COVID-19 News
Ongoing Story: Coronavirus Impacts Pension Plan Meetings

Pension boards across the country are canceling meetings as plans cope with the fallout that the coronavirus pandemic has had on in-person gatherings.

04.29.20
Asset Study/Review
Florida Pension Adds Emerging Markets Equity; Increases Private Credit

A Florida-based employees pension plan approved a new asset allocation at its board meeting yesterday.

04.29.20
Alternatives
Florida Pension Eyes Distressed Debt, PE Secondaries

A general employees pension fund in Florida will look to distressed debt and private equity secondaries opportunities in the next few months.

04.29.20
Alternatives Searches And Hires Private Equity
Midwest Plan Postpones Consultant RFP; Reduces Recent PE Commitments

A Midwestern pension plan postponed its general investment consultant RFP and reduced recent private equity fund-of-funds commitments last month.

04.29.20
Administrator/Record Keeper
Rocky Mountain City Seeking Retirement Plan Service Providers

A Rocky Mountain city has posted an RFP for retirement plan services providers.

04.28.20
In The News
Consonance Capital Partners Closes Fund II At Hard Cap Of $856 Million

Fund II closed at its hard cap of $856 million (inclusive of the GP commitment) in under three months from its initial close.

04.27.20
Hedge Funds
Great Lakes Plan Axes Hedge Fund Manager

A Great Lakes pension plan agreed to terminate a hedge fund manager at today’s board meeting.

04.27.20
In The News
Longview Firefighters' Pension Recovering After $6M Stock Hit

The recent stock market downturn resulted in about a $6 million hit to the Longview Firefighters’ Relief and Retirement Fund. However, about one-third of those losses were restored by March 31, fund trustees’ Chairman Kolby Beckham said.

04.27.20
In The News
Hedge Funds Ruled Ineligible For U.S. Small Business Rescue

Hedge funds aren’t eligible for a signature U.S. rescue loan program, the government made clear Friday, potentially quelling a barrage of outrage over the possibility that well-heeled traders might beat out struggling small businesses for emergency funding.

04.27.20