Tulare County Employees’ Retirement Association, Visalia, Calif., hired Sterling Capital to manage $40 million to $50 million in active non-large-cap value domestic equities, said David Kehler, retirement administrator for the $700 million plan. The funding source has yet to be determined, he said.
The plan also will receive a shortlist of active international equity managers from consultant Summit Strategies, Mr. Kehler said. Portfolio size and funding source are undetermined.
