Orange County Employees Retirement System, Santa Ana, Calif., hired Peregrine to manage $150 million in active large-cap growth equities.
Funding comes from an equity index fund managed by Barclays Global Investors, where the assets were placed temporarily. Previously, the assets were in a $260 million active large-cap growth equity portfolio managed by STI Capital Management. Callan assisted.
The $4.8 billion board also hired the Townsend Group as its real estate consultant. The other finalist was Pension Consulting Alliance.