Sonoma County Employees' Retirement Association, Santa Rosa, Calif....

Sonoma County Employees’ Retirement Association, Santa Rosa, Calif., hired Systematic Financial Management to manage a $61 million small-cap growth portfolio, said Tom Ford, county treasurer and a member of the board. A large-cap core portfolio managed by Delta Asset Management was reduced to about $100 million to fund the new portfolio. The shift brings the $898 million pension fund in line with its asset allocation strategy and does not reflect any dissatisfaction with Delta, Mr. Ford said. Capital Resource Advisors assisted.