Officials for the $23 billion Oregon Public Employes' Retirement System, Salem, hired three managers to run $700 million in large-cap growth, said Michael Parker, communications director for the state treasury.
Alliance Capital will manage $300 million, and Oak Associates and Brown Capital each will manage $200 million.
The assets came from a shuffling of managers last year.
In another development, Oregon PERS selected State Street Bank as record keeper for the system's $300 million-plus deferred compensation plan.
The plan will be revamped as well. Instead of offering a number of vendors with duplicated investment offerings, 0regon will group as a single investment choice all investment options of similar styles.
The resulting options will resemble a manager-of-managers format. Nine asset class options will be available.
