New York State Teachers' Retirement System, Albany, renewed contracts...

New York State Teachers’ Retirement System, Albany, renewed contracts with the following managers for one year at its quarterly board meeting, said Candice Ronesi, spokeswoman: Sanford C. Bernstein, to run $1.26 billion in a U.S. large-cap equity strategy; Dresdner RCM Global Investors, $216 million, and Peregrine, $347 million, both in U.S. small-cap equity; Bankers Trust, $1.2 billion, international index equities; Fiduciary Trust, $607 million, Lombard Odier, $626 million and Wellington, $772 million, all in global fixed income. Additionally, the $81.5 billion system will keep Sanford C. Bernstein on its watch list for underperformance; it will keep Bankers Trust on the watch list because its index team left; and place Dresdner on its watch list because of underperformance and the departure of Nick Sarwell, chief investment officer of the small-cap equity group. The system renewed its contract with Callan Associates to monitor its external investment managers.