News

A Southeastern pension plan is considering alternatives for its domestic large-cap value equity manager.

Convertible-bond issuance is running at a record pace as companies like Lyft (ticker: LYFT), Zillow Group (Z), Pioneer Natural Resources (PXD), BioMarin Pharmaceutical (BMRN), and Penn National Gaming (PENN) seek to shore up their balance sheets or simply take advantage of strong investor demand for the hybrid securities.

A Southern city pension plan terminated its hedge fund-of-funds manager at a board meeting today.

A Northwestern pension plan approved a non-core real estate commitment recommended by its investment committee this week.

A West Coast pension plan has terminated three public equity managers.

A New England pension plan has issued its general investment consultant RFP.