Merced County (Calif.) Employees' Retirement Association hired Copper Rock Capital Partners to run $20 million in active international small-cap equity, confirmed Maria Arevalo, plan administrator.
Acadian Asset Management also was a finalist. Copper Rock replaces UBS Global Asset Management, which was terminated because of personnel changes.
Strategic Investment Solutions conducted the shortlist search for the $569 million pension plan.
Separately, the pension fund named PanAgora Asset Management and Dimensional Fund Advisors as finalists for its shortlist search for a domestic small-cap equity manager. The size of the allocation has not been determined. Manager interviews and a possible selection will be at the Aug. 22 board meeting.
