News

U.S. institutional investors are consolidating their manager rosters in more commoditized, efficient markets strategies. As they reduce spending on this portion of their portfolio, they simultaneously increase spending on esoteric products that are more apt to attract excess returns.

A pair of Taft-Hartley plans have issued RFPs seeking open-end core real estate managers.

Michael Apfel joined private equity investment firm Siguler Guff as a managing director and head of credit this month.

A Florida general employees plan will interview three international value equity managers in February.

A West Coast plan will invest in an opportunistic strategy managed by PIMCO.

A pension fund on the West Coast has disclosed recent manager hires and terminations.