San Mateo County Employees' Retirement Association, Redwood City, Calif., hired Quantitative Management Associates to manage a $110 million domestic small-cap core equity strategy, said a summary of the July 27 board meeting.
Investment consultant Verus assisted.
The board also approved the shift of the $3.5 billion pension fund's current commodity exposure of $85 million to $90 million to a new custom liquid real asset strategy managed by State Street Global Advisors.
In addition, the board approved committing $10 million to private equity fund Angeles Equity Partners I.
Pension fund officials were not immediately available for additional information.