San Jose (Calif.) Federated City Employees' Retirement System hired...

San Jose (Calif.) Federated City Employees’ Retirement System hired Paradigm Capital to run an $85 million large-cap value U.S. equity portfolio, replacing Wilmington Trust because of poor performance, said Edward Overton, administrator for the $1 billion fund. Ellen Roberts, spokeswoman for Wilmington Trust, declined to comment on the matter. Callan Associates assisted.