Tulare County Employees' Retirement Association, Visalia, Calif., is...

Tulare County Employees’ Retirement Association, Visalia, Calif., is considering a search for its first small-cap U.S. equity manager and is rebalancing its $500 million fund, following the completion of an asset allocation study, said David Kehler, administrator. The new asset mix is 34.9% U.S. equities; 18.9% international equities; 24.8% fixed income; 11.4% international bonds; and 10% real estate, he said. A final decision is expected by March.