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

Tulare County Employees’ Retirement Association, Visalia, Calif., is conducting an invitation-only search for an active international equity manager to handle up to $72.5 million, said David Kehler, retirement administrator. Consultant Summit Strategies will provide the $700 million plan with a shortlist, from which it expects to select a manager at its November meeting, he said. A portfolio size has not been determined, but Mr. Kehler said the new manager could receive half of Oechsle’s $145 million active international equity portfolio.