CalPERS at its Sept. 19 investment committee meeting will consider hiring several firms for the $196.7 billion system's "spring-fed pool" of international and U.S. enhanced index equity managers, according to a staff memo. AQR Capital Management and Quantitative Management Associates will be considered for enhanced international indexed equity; Acadian Asset Management for active international equity; and T. Rowe Price for domestic equity. The California Public Employees' Retirement System, Sacramento, also will consider whether to approve a list of staff-recommended consultants to be added to an existing "spring-fed" real estate special projects pool. Staff proposed selecting Conrad and Associates, Le Plastrier Development Consulting, JRT Realty Group, KPM Associates and Situs Realty Services.
Separately, CalPERS staff recommended renewing contracts for six active domestic equity managers and seven domestic enhanced index equity managers for one year each. Among active managers, The Boston Co. Asset Management runs $799.8 million; Pzena Investment Management, $758.9 million; AllianceBernstein runs $644.7 million; JPMorgan Investment Management, $566.2 million; Franklin Advisors, $560.6 million; and Geewax Terker, $493.2 million. Among enhanced managers, INTECH runs $905.9 million; Quantitative Management, $891.7 million; Franklin Portfolio Associates, $889.3 million; WAMCO, $559.7 million; Smith Breeden, $553.5 million; Goldman Sachs, $441.7 million; and Atlantic Asset Management, $328.5 million,
Staff also proposed renewing contracts for one year with State Street Global Advisors, which runs $25.9 billion in passive international equities. Other one-year contract recommendations are: international active all-world ex-U.S. managers Grantham, Mayo, van Otterloo, $939.7 million; Baillie Gifford, $753.4 million, Arrowstreet Capital, $748.6 million; and Robeco, $409.3 million; active European managers AXA Rosenberg, $952.5 million, and Capital Guardian, $534.6 million; active Pacific Basin manager Nomura, $830.7 million; and active emerging markets managers Dimensional Fund Advisors, $1.5 billion; AllianceBernstein, $1.4 billion; and Genesis Asset Managers, $1.2 billion.