Sacramento County (Calif.) Employees' Retirement System hired UBS Global Asset Management to manage a domestic small-cap growth equity strategy, recently released board meeting minutes show.
A final allocation size could not immediately be learned.
A search was conducted earlier this year following the termination of a domestic small-cap growth equity manager due to performance and personnel changes, according to the minutes. The name of the terminated firm, along with an allocation size, could not be learned by press time.
Richard Stensrud, CEO of the $7.7 billion pension fund, could not be reached for additional information.