Vicar’s Landing, Ponte Vedra Beach, Fla., hired Sawgrass to run $16 million in active domestic fixed income and Bowling Portfolio to handle $2 million in active all-cap domestic equity for the $18 million operating fund, said Ray Johnson, president of parent Life Care Pastoral Services Management. The firms replace Douglas Capital Management; the search was conducted for due diligence reasons, Mr. Johnson said.
Merrill Lynch assisted.
