Dania Beach (Fla.) Police and Fire Retirement System is searching for an active domestic small-cap equity manager and an active domestic midcap equity manager to run $2 million each, confirmed Steven Roth, director of manager research at Dahab Associates, investment consultant to the $25 million pension fund.
Growth, value and core approaches will be considered.
The searches follow first-time allocations to small-cap and midcap equities of 8% each.
Funding will come from domestic all-cap equity managers. No managers will be terminated, according to Mr. Roth.
Phone calls to Robert Baldwin, Dania Beach city manager, were not returned by press time.