Colorado Public Employees’ Retirement Association, Denver, hired Dresdner Kleinwort to handle securities lending for domestic equities, spokeswoman Katie Kaufmanis confirmed in an e-mail.
Northern Trust had handled all securities lending for the $41 billion system, and will continue to do so for fixed income and international equities.
The move was made to enhance diversification and performance, Ms. Kaufmanis said in the e-mail.
