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