Alliance Capital manages $568 million in emerging markets equity for the $9.4 billion fund; AllianceBernstein runs $127 million international developed markets value equity and Baring handles $176 million in international developed markets growth equity.
Also, Wells Capital Management, which ran a $92 million small-cap growth equity portfolio, was terminated because its small-cap growth team left the firm. The board is overweight small-cap growth and liquidated the Wells portfolio; the money will moved to new allocation targets, Bob Jacksha, chief investment officer, wrote in an e-mail.
The board also extended for two years ORG’s real estate and real assets consultant contract. ORG’s contract was set to expire in June. No RFP was issued.