Fort Lauderdale (Fla.) General Employees' Retirement System has taken...

Fort Lauderdale (Fla.) General Employees’ Retirement System has taken $20 million from Loomis, Sayles and will put it into a yet to be selected Russell 1000 value index mutual fund, said Dorothy Holt, pension administrator for the $263 million fund. Officials from Loomis, Sayles did not comment on the reallocation; the firm still manages $20 million for the system. Separately, the fund is searching for a value manager. The amount of the mandate and its specific investment style have not been identified. Dahab Associates is assisting.