US - CalPERS, America’s largest public pension fund, has reappointed its 15 external active international equity managers and its 11domestic equity managers for a further year, which combined manage approximately 20 billion dollars (20 billion euros) of the fund’s assets.

The 15 international managers for the 128 billion dollar fund oversee approximately 8.5 billion dollars. These are:

Artisan Partners
AXA Rosenberg
Baillie Gifford
Bank of Ireland
Blackrock International
Capital Guardian
GE Asset Management
Grantham, Mayo, Van Otterloo & Co.
Mastholm Asset Management
Newport Pacific Management
Nomura Asset Management
Oechsle International Advisors
Putnam Advisory Company
Schroder Capital Management
Weiss Peck & Greer

Arrowstreet Capital, US-based international equity manager, has also been approved a 400 million dollar allocation. CalPERS awarded Arrowstreet a 100 million dollar mandate in May. Says president of CalPERS, William Crist: “They have outperformed their benchmark by 5% annualised since joining our investment team, and have garnered significant assets from other investors. We believe an increase in assets is warranted.”

The fund’s 11 active domestic equity managers that are being retained are:

Alliance Bernstein
The Boston Company
Brown Capital Management
Dimensional Fund Advisors
Geewax, Terker & Company
J.P. Morgan Investment Management
Oak Associates, Ltd.
Oppenheimer Capital
Osprey Partners
Putnam Advisory Company
Pzena Investment Management

CalPERS’s domestic equity programme has approximately 11.7 billion dollars in assets under management.



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