City of Sunrise (Fla.) Firefighters' Retirement hired State Street Global Advisors and Aronson + Partners as its first international equity managers, said Greg McNeille, consultant to the $35 million fund.
State Street will receive $2 million; Aronson, $1 million. Funding for both portfolios will come from the fund's domestic equity portfolio, said Mr. McNeille.
The hiring was the result of new state legislation, effective Oct. 1, allowing public funds to invest abroad.
Dehab Associates assisted.