California State Employees Association, Sacramento, hired active equity managers Templeton to run $5 million in international large-cap core; Navellier, $2 million, domestic small-cap value; and Kayne Anderson, $3 million, domestic small-cap value, said Patrick Haagensen, controller and administrator for the $65 million plan.
Kayne Anderson also will continue to run $9 million in active domestic large-cap core equities, he said.
Funding comes from rebalancing, and changes were made for diversification, he said.
