US - The board of the California Public Employees' Retirement System renewed the contracts of the 16 external managers responsible for its $123.3bn global equity portfolio.
At an investment committee meeting this week, the board renewed the contracts for one year, but have the ability to terminate a manager within 30 days.
The portfolio allocates 44.6% to domestic equities, 45.1% to developed market equities and 10.3% to emerging markets.
The domestic equity managers are Boston Company, First Quadrant, J.P. Morgan, Pzena, Marvin & Palmer and T. Rowe Price.
The developed market managers are Arrowstreet, Baillie Gifford, GMO, Nomura and Pyramis.
The emerging markets managers are Alliance Bernstein, Dimensional Fund Advisors, Genesis, Lazard and Pictet.
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