NY State CRF terminates domestic equity mandates worth $2.5bn

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US - The New York State Common Retirement Fund (CRF) terminated AllianceBernstein and Capital Guardian Trust from domestic large-cap equity mandates worth a combined $2.5bn.

According to a December transaction report released yesterday, AllianceBernstein ran $1.3bn while Capital Guardian ran $1.2bn. No further details were provided about why the managers were termin...

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