California Public Employees' Retirement System, Sacramento, announced...

California Public Employees’ Retirement System, Sacramento, announced it is adding to its 457 deferred compensation program a passively managed small-cap index fund pegged to the Russell 2000 index. The new option, like the seven others available from the $156.4 billion fund, will be managed by State Street Investors, said spokesman Mark DeSio. The system also terminated Oppenheimer, which had managed the plan’s actively managed large-cap fund, to keep all the business with one investment group and to get better pricing, he said. No one was available for comment at Oppenheimer by press time.