Sonoma County adds 2 to transition manager pool

Sonoma County Employees' Retirement Association, Santa Rosa, Calif., hired BlackRock (BLK) and Northern Trust to participate in a pool of transition managers that will be selected when needed, said James Failor, chief investment officer of the $2.5 billion pension fund, in an interview.

The two firms will join State Street, the existing transition manager.

Investment committee documents show the other finalists were Russell Investments and Citigroup.