The Santa Barbara County Employees Retirement System has terminated the Rice Hall James Small Cap Equity Strategy, according to minutes from the January 24th board meeting.
The termination was a result of a review of the U.S. Equity portfolio. RVK Recommended consolidating from two active style specific small cap managers to one active core small cap manager.
The recommended portfolio would include 90% allocated between two passive strategies, BNY Mellon EDI and BNY Mellon R1000 Index-NL, and 10% allocated to DFA Small Cap Core.
The value of the Rice Hall James account, approximately $69 million, will be reallocated to the DFA U.S. Small Cap Portfolio.
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