Pinellas Park General Employees swims with Great Lakes for smidcap equity

Pinellas Park (Fla.) General Employees’ Pension Fund hired Great Lakes Advisors to manage a $4.5 million active domestic smidcap equity portfolio, said Dan Johnson, director and senior consultant at AndCo Consulting, the pension fund’s investment consultant, in an email.

The $74 million pension fund conducted a shortlist search, and the pension fund’s board approved the hiring at its Jan. 26 meeting. Other finalists were Atlanta Capital Management and Lazard Asset Management.

Funding comes from a $9 million domestic all-cap equity index fund managed by Vanguard Group. The pension fund moved the remaining assets to a domestic large-cap equity index fund also managed by Vanguard.