State retirement system continues PE push

The Tennessee Consolidated Retirement System finished 2013 with a bang, sending out checks for some $400 million to a number of private-equity funds as it seeks to reach its 3 percent asset class target. Chris Witkowsky at PE Hub has the rundown:

• $20 million to OrbiMed Private Investments V
• $20 million to Drive Capital Fund I
• $75 million to Olympus Growth Fund VI
• $75 million to AXA Secondary Fund VI
• $55 million to Merced Partners IV
• $55 million to General Catalyst
• $60 million to Trident VI
• £40 million to Vitruvian Investment Partnership II

Click here for background info on the other millions the state pension system has placed in the hands of private-equity managers since 2009.

Jan 2, 2014 12:10 PM

Kirkland's, Acadia top area stocks in '13

Eight locals post gains of 50% or more
Jan 2, 2014 6:50 AM

Pinnacle adds investment SVP in Cool Springs

Pinnacle Financial Partners has recruited veteran investment consultant Rhett Fordham to its Mallory Lane office in Cool Springs. Fordham, who is a senior vice president, has a dozen years of experience, most recently as a VP and investment executive at Fifth Third Securities. Before that, he also worked as a regional VP for Riversource Annuities in Minneapolis and as a licensed sales assistant for SunTrust Investment Services.

Jan 2, 2014 6:47 AM

Options types betting on CHS bounce

Shares of Community Health Systems are trading at their lowest levels since January (Ticker: CYH) but there appear to be at least a few investors who believe they will bounce back in the near future. Mike Yamamoto at OptionMonster.com reports that a large number of January $39 calls were bought this week, which would begin to pay off after a climb of about 7 percent.

Dec 20, 2013 12:51 PM

New Constructs hooks up with advisor hub

Local investment evaluator David Trainer has signed an agreement to supply its research reports to clients of FA Today, which sells news and technology tools to independent financial advisors looking to connect with each other. FA Today's current format was launched in October, when it had about 12,000 users.

Dec 11, 2013 11:27 AM

Bank of Nashville hires private banking chief

Former SunTrust, Wachovia exec also leading wealth management
Dec 10, 2013 7:07 AM

CapWealth spinout to market reporting tools

Longtime Turner family office exec teams with firm's principals to target mega-rich
Dec 2, 2013 1:17 PM

Woodmont adds VP

USN grad worked in fixed-income at Lehman/Barclays before returning to town
Nov 15, 2013 6:54 AM

Prudential arm piles into Healthways

Insurer's investment division appears to have been big buyer after post-earnings plummet
Nov 13, 2013 7:06 AM

International stocks boost VU endowment

Vanderbilt University's endowment posted a gain of more than 9 percent in the year ended June 30, thanks in good part to growth in its international stock portfolio. Rob Kozlowski of Pensions & Investments writes that the university's investment managers want to further grow their exposure to global markets.

Oct 25, 2013 7:12 AM