City of Lakeland (Fla.) Retirement System hired two active EAFE...

City of Lakeland (Fla.) Retirement System hired two active EAFE managers, Bankers Trust and INVESCO, to run $13 million each in international equities, said Gary Clark, pension fund administrator for the $240 million fund. Both managers were selected for consistency of performance, depth of resources and experience, he said. Funding will come from an active EAFE portfolio run by Ladas & Hulings, which the board recently fired for performance-related reasons, he said. Ladas representatives didn’t respond to phone calls by press time.