Fifth Third, 15 others apply to be investment advisor for Cincinnati railroad sale's $1.6B
Sixteen financial institutions have applied to help manage the investment of proceeds from proposed sale of Cincinnati's railroad.
Source: yahoo.com
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Oklahoma Public Employees pension fund corrals 10.9% for fiscal year
Oklahoma Public Employees Retirement System reported a gross return of 10.9% for the fiscal year ended June 30, above its benchmark.
Source: pionline.com
Searches and hires decline in Q2, but large mandates still up for grabs
The number of searches for the second quarter of 2023 decreased to 109 from 147 in the prior quarter, with 45% for service providers, followed by 36.7% for traditional managers and 15.6% for alternatives. Hiring activity declined to $58.4 billion from $69.6 billion in the previous quarter. Alternative hires totaled $41.5 billion, a slight increase from $39.9 billion in the prior quarter, partially offsetting a 11% decline in traditional hires.
Source: pionline.com
Sacramento County revises asset allocation targets, cuts manager
Sacramento County Employees' Retirement System's board approved a revision in its asset allocation targets and the termination of a mandate manager.
Source: pionline.com
Alameda County Employees pension fund narrows consultant search to 4 finalists
Alameda County Employees' Retirement Association approved four finalists in ACERA's search for a general investment consultant.
Source: pionline.com