City of Lakeland (Fla.) Employee Pension Plan expanded its search for a small-cap equity manager to include midcap managers, said the fund's consultant, Jill Urbanas with Advest Inc., which is assisting the search. The allocation will be at least $25 million to either a small- or midcap firm. Various strategies including value and growth will be considered. The fund has $227 million in assets.
A decision won't be made until early 1997.
