Pensacola (Fla.) Firefighters' Relief and Pension Fund hired DePrince...

Pensacola (Fla.) Firefighters’ Relief and Pension Fund hired DePrince Race & Zollo to manage an active international large-cap value equity portfolio for the $70 million system. The amount of the portfolio has not been determined, said Cheryl Jackson, administrative officer. Funding will come from rebalancing. The move was made after the state lifted restrictions on international investing, said Ms. Jackson.