Oregon Public Employees Retirement Fund, Salem, terminated Peachtree Asset Management for performance; the manager ran $178 million in active domestic equities benchmarked to the Russell 1000 index for the $33.1 billion pension fund, said Mike Mueller, interim director of investments. Those assets will partially fund at least one controlled-risk domestic equity manager currently being sought by the fund, Mr. Mueller said.
The system also placed Alliance Capital Management on watch for a $425 million active domestic large-cap equity portfolio because of concerns that portfolio manager Al Harrison may be distracted by ongoing Enron Corp. events, Mr. Mueller said. Becker Capital Management, which runs a $239 million active domestic small-cap value equities portfolio, also was put on watch because of long-term performance concerns, Mr. Mueller said.
Officials at Peachtree, Alliance and Becker did not return calls requesting comment by press time.