CalPERS Staff Recommends Equity Manager Renewals

That was the recommendation from the CalPERS investment staff  regarding a 12-month contract for the 26 companies that manage $20.1 billion of its international and domestic equity funds, according to a Dow Jones news report.

CalPERS’ Investment Committee is scheduled to vote on the recommendation Monday.

Among the recommended renewals were 15 managers handling $8.5 billion of the $136-billion fund’s international equity investments.

Dow Jones said they include: Artisan Partners, AXA Rosenberg, Baille Gifford, Bank of Ireland, Blackrock International, Capital Guardian, GE Asset Management, Grantham, Mayo, Van Otterloo & Co., Mastholm Asset Management, Newport Pacific Management, Nomura Pacific Management, Oechsle International Advisors, Putnam Advisory Company, Schroder Capital Management and Weiss Peck & Greer (Robeco).

The contract renewal recommendation also covered 11 managers handling $11.6 billion in CalPERS domestic equity investments. Dow Jones said they include:

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, and Pzena Investment Management.

All of the companies in that group manage actively, except Dimensional, a passive domestic equity small-cap manager.