Subject: FW: findaily Alert--Thursday, December 1, 2011
From: "Arlene Busch" <[email-masked]>
To: <[email-masked]>, <[email-masked]>
Date: Fri, 2 Dec 2011 08:48:11 -0700

See New Haven below…

Arlene Busch
312-498-9595 mobile
[email-masked]<mailto:[email-masked]>

From: Marc Zwebner [mailto:[email-masked]]
Sent: Friday, December 02, 2011 7:48 AM
To: Arlene Busch
Subject: FW: findaily Alert--Thursday, December 1, 2011

Marc Zwebner
Third Point LLC
Managing Director of Marketing

390 Park Avenue | New York, NY | 10022
Tel: 212.224.7393 | Mobile: 917.859.2368
[email-masked]<mailto:[email-masked]>
From: findaily [mailto:[email-masked]]<mailto:[mailto:[email-masked]]>
Sent: Thursday, December 01, 2011 5:01 PM
To: Marc Zwebner
Subject: findaily Alert--Thursday, December 1, 2011

<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=54&F=H>

Searches

El Paso County Eyes Additional Emerging Markets Equity Mgr.; To Discuss Dividend Yield Equity, MLPs
The $254 million El Paso County (Colo.) Pension System will discuss potentially adding an additional emerging markets equity manager at its March board meeting, Executive Director Howard Miller said.

Miller said the addition of an emerging markets equity manager to complement current manager Dimensional Fund Advisors is probably the most likely of the options being discussed to move forward. He said DFA's strategy does not have much exposure to China, which is an area the fund would like to be invested in.

The plan will also discuss the potential addition of a dividend yield oriented equity strategy and a Master Limited Partnership strategy, both of which are being recommended as potential additions by general investment consultant Watershed Investment Consultants. Watershed is the contact for all manager inquiries.

Additionally, the plan approved some short-term moves that include moving $8 million from international equity manager LSV Asset Management and $4.5 million from a passive fixed-income strategy handled by State Street Global Advisors and reallocating $5 million to core real estate fund Clarion Lion Properties, $1.5 million to the plan's operating account and $6 million to DFA's emerging markets strategy.

Rhode Island Fund Seeking Investment Manager
The Rhode Island Turnpike & Bridge Authority is searching for an investment manager to handle its $30 million investment portfolio, Chairman David Darlington said.

Darlington said the search is being conducted for due diligence purposes. The plan's incumbent, BNY Mellon, is invited to rebid.

According to the RFP, the fund is specifically seeking a firm with experience with fixed-income securities and to provide investment advice and investment reporting.

A copy of the RFP is available by contacting Executive Director Buddy Croft at 401-423-0800 or available here<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=6896&F=H>. Questions regarding the RFP should be directed to CFO Nancy Parrillo via e-mail at [email-masked]<mailto:[email-masked]>. The deadline for proposals is Dec. 28.R

Maryland Seeking Commingled Real Estate Strategies
The $36 billion Maryland State Retirement & Pension System will invest in commingled real estate funds going forward, Spokesman Michael Golden said.

The decision to invest in commingled strategies comes as the plan closed its direct equity real estate program. The plan began winding down the program in early 2009 in order to seek greater diversification in its 10% real estate program.

The last remaining properties held by the plan were Kentlands Square Shopping Center, first purchased for $35.5 million in 1997 and sold for $74.5 million; Severna Park Marketplace, purchased for $31.4 million in 2002 and sold for $61 million; and Cranberry Square was purchased for $18.9 million in 1999 and sold for $33 million.

Golden said the staff and real estate consultant Pension Consulting Alliance will strategically and opportunistically seek real estate opportunities. There is no timeframe for any investment.

Arizona Public Safety Hires Small-Cap Mgr. Ranger
The $6.8 billion Arizona Public Safety Personnel Retirement System hired domestic small-cap equity manager Ranger Investments to handle $70 million at a board meeting yesterday, Executive Director James Hacking said.

The hiring of Ranger complement's the plan's selection of Neuberger Berman in August to handle $140 million in the firm's domestic small-cap intrinsic value equity strategy.

Hacking told fin|daily in September that the plan was opportunistically searching for active domestic and international equity mangers (fin|daily, 9/9). He said more managers will be hired as general investment consultant NEPC completes the due diligence process in the coming months.

Separately, the plan committed $60 million to KKR Equity Strategies, a private equity fund, and $29 million overall to Desert Troon Limited, a real estate firm.

New Haven Fund Terminates HF, Makes 3 Commitments
The $281 million City of New Haven (Conn.) Police & Firemen's Pension Fund terminated a hedge fund manager and hired three investment managers at its October meeting.

According to minutes, the plan terminated hedge fund manager FISCO Investment Management. The firm will return $2.5 million to the plan. The plan first committed to FISCO in October 2009 (fin|daily, 7/13/09).

The plan also invested $10 million total to private equity funds Edgewater Growth Capital Partners and Millennium and hedge fund manager Third Point.

Further details were not available as Pension Administrator Jerome Sagnella and Larry Gray of general investment consultant Gray & Co. were not available for comment.

People/Industry

eVestment Alliance Acquires ASAP Advisor Services
eVestment Alliance announced today it has acquired ASAP Advisor Services in a deal that will now offer multiple technology and service-based solutions to enable asset managers to update third-party and consultant-maintained databases.

The new database population offerings will be branded under eVestment Omni and will offer three different solutions to managers: an automated, rules-based technology that allows managers to maintain control over database updates, a solution that gives managers flexibility to outsource the actual database updates and a solution that enables managers to completely handoff the database update process.

"This acquisition furthers our efforts to improve the overall client experience, optimizing accuracy and efficiency," said Matt Crisp, co-founder of eVestment, in a statement. "The ASAP team has built a strong foundation with their innovative and intelligent services and we are excited to have them join eVestment."

The new offerings will automate and manage data population for over 300 clients representing over $24.5 trillion in assets under management and over 4,600 investment strategies.

The combined company will retain the eVestment Alliance name.

Search Summary

New Lead
Plan Name:

El Paso County Pension System, Colorado Springs, Colorado<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=6899&F=H>

Plan Contact:

Howard Miller, Executive Director, 719-520-7490<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=6899&F=H>

Plan Size:

254 million

Assignment:

Emerging Markets/Active Equity/

Consultant Firm:

Watershed Investment Consultants<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=1469&F=H>

Consultant Contact:

Dale Connors, Managing Director, 303-738-0300<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=6493&F=H>

Comments:

Plan will discuss potentially adding a second emerging markets equity manager at its March board meeting. Interested managers should contact general investment consultant Watershed Investment Consultants only.

Plan Name:

El Paso County Pension System, Colorado Springs, Colorado<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=6899&F=H>

Plan Contact:

Howard Miller, Executive Director, 719-520-7490<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=6899&F=H>

Plan Size:

254 million

Assignment:

US/Active Equity/

Consultant Firm:

Watershed Investment Consultants<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=1469&F=H>

Consultant Contact:

Dale Connors, Managing Director, 303-738-0300,<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=6493&F=H>

Comments:

Plan will discuss potential addition of a dividend yield oriented equity strategy at its March board meeting. Interested managers should contact general investment consultant Watershed Investment Consultants only.

Plan Name:

El Paso County Pension System, Colorado Springs, Colorado<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=6899&F=H>

Plan Contact:

Howard Miller, Executive Director, 719-520-7490<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=6899&F=H>

Plan Size:

254 million

Assignment:

US/Real Assets/MLPs/

Consultant Firm:

Watershed Investment Consultants<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=1469&F=H>

Consultant Contact:

Dale Connors, Managing Director, 303-738-0300<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=6493&F=H>

Comments:

Plan will discuss potential addition of a Master Limited Partnership strategy at its March board meeting. Interested managers should contact general investment consultant Watershed Investment Consultants only.

Plan Name:

Maryland State Retirement & Pension System, Baltimore, Maryland<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=678&F=H>

Plan Contact:

A. Melissa Moye, CIO, 410-625-5600<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=678&F=H>

Plan Size:

36,000 million

Assignment:

US/Real Estate/

Consultant Firm:

Pension Consulting Alliance<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=254&F=H>

Consultant Contact:

Christy Fields, Managing Director of Real Estate, 503-226-1050<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=6900&F=H>

Comments:

Plan will strategically and opportunistically seek commingled real estate funds. Real estate consultant Pension Consulting Alliance is assisting.

Plan Name:

Rhode Island Turnpike and Bridge Authority, Jamestown, Rhode Island<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=6897&F=H>

Plan Contact:

Nancy Parillo, CFO, 401-423-0800 <http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=6897&F=H>

Plan Size:

30 million

Assignment:

US/Active Fixed-Income/

Account Size:

30 million

Comments:

Fund is searching for an investment manager to handle its $30 million investment portfolio. A copy of the RFP is available by contacting Executive Director Buddy Croft at 401-423-0800 or available here (http://www.findaily.com<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=6896&F=H>). Questions regarding the RFP should be directed to CFO Nancy Parrillo via e-mail at [email-masked]<mailto:[email-masked]>. The deadline for proposals is Dec. 28.

Hires
Plan Name:

Los Angeles City Employees' Retirement System, Los Angeles, California<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=325&F=H>

Plan Contact:

Sara Griggs, Acting CIO, 213-473-7124<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=325&F=H>

Plan Size:

10,400 million

Assignment:

International/Real Estate/

Account Size:

20 million

Consultant Firm:

Courtland Partners<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=6241&F=H>, 216-522-0330

Comments:

Plan committed $20 million to real estate manager Paladin Realty Partners.

Plan Name:

Kansas Public Employees Deferred Compensation Plan, Topeka, Kansas<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=6376&F=H>

Plan Contact:

Faith Loretto, Deferred Compensation Plan Manager, 785-296-6166<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=6376&F=H>

Plan Size:

534 million

Assignment:

US/Consultant/

Comments:

Plan has selected Arnerich Massena as investment consultant for 457 plan. Previous consultant was Segal Advisors.

Plan Name:

Los Angeles City Employees' Retirement System, Los Angeles, California<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=325&F=H>

Plan Contact:

Sara Griggs, Acting CIO, 213-473-7124<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=325&F=H>

Plan Size:

10,400 million

Assignment:

US/Real Assets/Timber/

Account Size:

20 million

Comments:

Plan committed $20 million to timber manager Hancock Timberland XI.

Plan Name:

Arizona Public Safety Personnel Retirement System, Phoenix, Arizona<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=421&F=H>

Plan Contact:

James Hacking, Executive Director, 602-255-5575<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=421&F=H>

Plan Size:

6,800 million

Assignment:

US/Active Equity/Small-Cap/

Account Size:

70 million

Consultant Firm:

NEPC<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=130&F=H>, 617-374-1300

Comments:

Plan hired domestic small-cap equity manager Ranger Investments to handle $70 million.

Plan Name:

Arizona Public Safety Personnel Retirement System, Phoenix, Arizona<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=421&F=H>

Plan Contact:

James Hacking, Executive Director, 602-255-5575<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=421&F=H>

Plan Size:

6,800 million

Assignment:

US/Alternative/Private Equity/

Account Size:

60 million

Consultant Firm:

Albourne<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=740&F=H>, 415-489-7200

Comments:

Plan committed $60 million to KKR Equity Strategies, a private equity fund.

Plan Name:

Arizona Public Safety Personnel Retirement System, Phoenix, Arizona<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=421&F=H>

Plan Contact:

James Hacking, Executive Director, 602-255-5575<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=421&F=H>

Plan Size:

6,800 million

Assignment:

US/Real Estate/

Account Size:

29 million

Consultant Firm:

ORG Portfolio Management<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=429&F=H>, 216-468-0055

Comments:

Plan committed a total of $29 million to Desert Troon Limited, a real estate firm.

Plan Name:

City of New Haven Police & Firemen's Pension Fund, New Haven, Connecticut<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=6898&F=H>

Plan Contact:

Jerome Sagnella, Pension Administrator, 203-946-5790<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=6898&F=H>

Plan Size:

281 million

Assignment:

US/Alternative/Private Equity/

Account Size:

7 million

Consultant Firm:

Gray & Co.<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=739&F=H>

Consultant Contact:

Laurence Gray, President, 404-841-0200, Ext. 1014<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=6901&F=H>

Comments:

Plan committed private equity funds Edgewater Growth Capital Partners and Millennium.

Plan Name:

City of New Haven Police & Firemen's Pension Fund, New Haven, Connecticut<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=6898&F=H>

Plan Contact:

Jerome Sagnella, Pension Administrator, 203-946-5790<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=6898&F=H>

Plan Size:

281 million

Assignment:

US/Active Equity/Hedge Fund/

Account Size:

3 million

Consultant Firm:

Gray & Co.<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=739&F=H>

Consultant Contact:

Laurence Gray, President, 404-841-0200, Ext. 1014<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=6901&F=H>

Comments:

Plan hired hedge fund manager Third Point.

Firm Terminated
Plan Name:

City of New Haven Police & Firemen's Pension Fund, New Haven, Connecticut<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=6898&F=H>

Plan Contact:

Jerome Sagnella, Pension Administrator, 203-946-5790<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=6898&F=H>

Plan Size:

281 million

Assignment:

US/Alternative/Hedge Fund/

Account Size:

3 million

Consultant Firm:

Gray & Co.<http://www.findaily.com/emailmarketer/link.php?M=55762&N=1204&L=739&F=H>, 404-841-0200

Comments:

Plan terminated hedge fund manager FISCO Investment Management. The firm will return $2.5 million to the plan.

Contact Information:

email: [email-masked]<mailto:[email-masked]>
phone: 646-810-1075

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