The $153.1 billion Teacher Retirement System of Texas has hired its new emerging manager program director.
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Advisers to the securities listed below are on the SEC’s radar for examination.
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Kudos to the SEC. Since 2013, when OCIE first identified its examination priorities for the upcoming year, they have been able to identify those priorities in the second fiscal quarter, but for 2019, OCIE identified those priorities on Dec. 20, in the first fiscal quarter of the year.

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The asset management industry continues to face unrelenting tailwinds in its struggle to grow AUM. The convergence of growing passive inflows, downward fee pressure, increased market volatility and chronic underperformance has formed a virtual perfect storm, catching many firms unprepared for the fallout.
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Overall, 421 products were considered. Managers were ranked based on the following criterion: excess returns over the benchmark, performance versus peers, product asset growth and product asset percentage growth and information ratio.

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The $213.2 billion New York State Common Retirement Fund has gone a long way in supporting and fostering emerging investment managers both in its own portfolio and spreading the word to its peers, but now it’s trying to do right by all the emerging managers it comes into contact with by giving them an idea of where they stand.
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Alpha Investment Management enhanced index strategy posted the top returns in the final quarter of 2018, according to EMM’s fourth quarter investment performance rankings.
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Domestic equity manager Suffolk Capital Management has notified clients of its impending closure. Suffolk managed $2.1 billion in assets as of Sept. 30, of which $1.7 billion was in the firm’s large-cap growth strategy.
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New Jersey Governor Phil Murphy signed a bill into law on Thursday requiring greater use of qualified minority- and women-owned brokers and investment managers by the state’s Division of Investment.
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The $55.4 billion Los Angeles County (Calif.) Employees Retirement Association has issued its RFP for core and core-plus fixed-income emerging managers.

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The $3.1 billion Baltimore County (Md.) Employees Retirement System is looking to hire an emerging investment manager this year.
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The $65.7 billion Alaska Permanent Fund Corporation is creating an in-state emerging manager program focused on private equity and venture capital.
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The Mother Cabrini Health Foundation has hired Colin Ambrose as its first cio, according to sources familiar with the matter.
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On Dec. 20, the SEC’s Office of Compliance Inspections and Examinations (OCIE), released its examination priorities for 2019.

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