The board of the Orange County Employees Retirement System (OCERS) may axe Capital Guardian’s equity allocation, Pensions & Investments reports. The $7.4 billion system is considering whether to withdraw the $98 million active domestic large-cap value allocation and transfer the assets to Barclays Global Investors’ Russell 100 Index fund.

The board will weigh terminating Aberdeen Asset Management, managing a $307 million active domestic fixed-income portfolio to be transferred to PIMCO, Loomis Sayles and BGI. It is also planning whether to commit $75 million to Abbott Capital Private Equity Investors 2010 and to approve BGI, BNY ConvergEx, Goldman Sachs Asset Management, JPMorgan and State Street as members of a transition management pool.

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