New York State Teachers’ Retirement System, Albany, invested an additional $100 million in commercial mortgage-backed securities programs run by BlackRock Financial Management and Clarion Capital, increasing each portfolio to $200 million.
The $80 billion system also renewed international equity managers Putnam Institutional Management, $380 million, core, and $301 million, growth; Baillie Gifford Overseas, $366 million, active; and American Express Asset Management, $331 million, active. It also renewed agreements with Peregrine Capital Management to run $357 million in active domestic small-cap growth equities and Deutsche Asset Management to manage $898 million in a passive international equity strategy.
Callan Associates is consultant.
