Oregon Public Employees' Retirement System recently terminated its contracts with several insurance companies and hired a cadre of new fund managers to provide funds for its $600 million Oregon Savings Growth Plan (OSGP). The move is designed to save plan participants approximately one-half of a percentage point in fees, said Michael Mueller, assistant director of investments.

Managers tapped to run the plan include: State Street Global Advisors, Barclays Global Investors, Fidelity Investments, Wellington Management Co., Dodge & Cox, MFS, Van Kampen Investments, American Funds, Smith Barney, Artisan Funds, Oakmark T. Rowe Price. Several of the advisors listed also run a portion of the system's $40 billion defined benefit fund.

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