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.
US - The Teacher Retirement System of Texas has agreed to issue $6bn combined to Kohlberg Kravis Roberts and Apollo Global Management expanding its strategic partnership programme to the private markets.
US - All US institutional investors performed negatively in the third quarter of 2011 with the median public, corporate and multi-employer funds down 8.94%, 7.94% and 9.03% respectively, Wilshire Trust Universe Comparison Service (Wilshire TUCS) results...
US - The California State Teachers' Retirement System (CalSTRS) has adopted a policy which puts pressure on company management teams to disclose their political contributions.
US - The New York State Teachers' Retirement System posted returns of 23.3% in the 12 months ended 30 June, the highest one-year return in 25 years.
US - The $22bn Employees Retirement System of Texas (ERS) has selected Deutsche Bank as its new securities lending provider, replacing JP Morgan Chase.