Alameda-Contra Costa Transit District Retirement System, Oakland, Calif., hired Dimensional Fund Advisors to run $15 million in international small-cap equity, pending final contract review, said Hugo Wildmann, retirement system manager.
Funding will come from international large-cap equity managers with no terminations, Mr. Wildmann said.
The $550 million pension fund has a 3% allocation to international small-cap equity.
The other finalists were Acadian Asset Management and Wellington Management.
Investment consultant NEPC assisted.