A West Coast pension plan eliminated its commodities allocation last month.

There will be a lot of red numbers in upcoming quarterly investment reports for institutional investors. But for managers boasting (relatively) strong returns, how to spread the word at a time that many investors are dealing with not only declining assets but other immediate stresses in the portfolio and the workplace has become a quandary.

Global investment bank Houlihan Lokey has appointed Sean Murphy to lead its transaction advisory services practice.

A Rocky Mountain-based authority has initiated a search for investment advisory services.