Sacramento County (Calif.) Employees' Retirement System hired TCW and...

Sacramento County (Calif.) Employees’ Retirement System hired TCW and Dalton, Greiner Hartman Maher each to run a $50 million small-cap value portfolio, pending contract negotiations, said Jeff States, chief investment officer for the $3.7 billion pension fund. The portfolios will be funded from two indexed equity mandates managed by Alliance Capital, an $800 million Russell 3000 portfolio that is being converted to a Russell 1000 mandate and a $100 million Russell 1000 value portfolio.