The $20 billion Los Angeles County Employees' Retirement Association...

The $20 billion Los Angeles County Employees' Retirement Association, Pasadena, Calif., has selected, pending final negotiations, Putnam Institutional and Oak Associates as domestic equity growth managers. Putnam will receive $400 million and Oak, $200 million. The money will come from an index fund as part of the plan's ongoing restructuring. Frank Russell Co. assisted.