---
title: Santa Barbara ERS Terminates Small Cap Manager
description: Santa Barbara ERS Terminates Small Cap Manager
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# Santa Barbara ERS Terminates Small Cap Manager

**Written by: ** Helen Bascom, Marketing Associate 

![](https://dakotafunds.com/hubfs/Imported_Blog_Media/oc-gonzalez-q23OPZWfv8M-unsplash%20(1).jpg)

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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 Tags: [Pension Funds](https://dakotafunds.com/dakota-funds/tag/pension-funds), [Equities](https://dakotafunds.com/dakota-funds/tag/equities)

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