Orange County Employees Retirement System, Santa Ana, Calif., committed $75 million to Abbott Capital Private Equity Investors 2010 fund, said spokesman Robert Kinsler.
The $7.4 billion system also selected BGI, BNY ConvergEx, Goldman Sachs Asset Management, JPMorgan and State Street Corp. to be on a list of transition managers to be used on a case-by-case basis.
The system launched a transition manager search in April because the system did not have a transition manager. General consultant Callan Associates assisted.
Separately, the system terminated bond manager Aberdeen Asset Management and equity manager Capital Guardian, both for performance, Mr. Kinsler said. Both had been on watch.
Aberdeen ran $307 million in active domestic fixed income. The assets will be moved to domestic fixed-income managers PIMCO, which runs $508 million in its Total Return fund; BGI, which handles $439 million in its U.S. Debt Index fund; and Loomis Sayles, which manages $287 million in domestic fixed income.
In an e-mailed response to inquiries, Katie Cowley, Aberdeen spokeswoman, declined to comment.
CapGuardian managed $93 million in active large-cap domestic equities. The money was moved to BGI’s $688 million Russell 1000 index fund, Mr. Kinsler said.
Chuck Freadhoff, Capital Guardian spokesman, said it is company policy never to discuss clients and their decisions.
