US - Major US pension funds have been allocating significant mandates to managers of emerging markets funds to diversify their portfolios.
David Minot, director, finance and investments VSRS, told Global Pensions: "We have invested in this area for some time, but only now have we split it out as a separate component.
"The investment board realised we should be addressing this part of the market so moved some assets across from the international and domestic portfolios."
The investment committee also decided to raise its global asset allocation (GAA) to 15% as a way of dampening the volatility in the portfolio.
The Teachers Retirement System of Illinois (TRS) also appointed Aberdeen to manage a $400m investment in emerging markets.
TRS also hired Gresham Investment Management, PIMCO and Schroders' Commodities to manage $200m each in the fund's first venture into commodities through its real return class.
Some $195m was allocated to a range of private equity funds across different geographic and sector areas.
The fund placed four of its small cap equity managers on its watch list for performance or organisational reasons.
PIMCO was taken off the list after improved equity-enhanced index performance.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers