Alameda-Contra Costa Transit District, Oakland, Calif., hired Dimensional Fund Advisors to manage $10 million in active domestic small-cap core equities for the $270 million pension plan, said Hugo M. Wildmann, retirement system manager. Funding came from terminating Dresdner RCM, which ran $10 million in active domestic small-cap growth equities, due to performance. Dawn Vroegop, Dresdner RCM marketing director, did not comment by press time. Dresdner RCM continues to manage $30 million in active domestic large-cap growth equities for the plan, Mr. Wildmann said.
The plans asset allocation is 60% equity and 40% fixed income. Callan Associates advised.