The $74 billion New York State & Local Retirement Systems, Albany, allocated additional assets to five existing managers, said John Hull, deputy comptroller, investments.
Barings, an international equity manager, received $25 million. Capital Guardian, an emerging markets manager, received $50 million. BZW Barclays Global Investors got an additional $300 million for a low-cap stock fund. Jacobs Levy Equity Management received $175 million for a market-neutral portfolio. NCM Capital got an additional $25 million for its domestic equity portfolio.
Also, Chase Manhattan Bank, the fund's custodian, began lending the retirement system's international securities April 1.
