Sarasota (Fla.) Police Officers’ Pension Fund hired 1838 Investment Advisors to manage $30 million in active domestic large-cap core equities, replacing Mississippi Valley Advisors, said Benita Saldutti, plan administrator. The changes were made because of personnel turnover at Mississippi Valley, she said.
The $118 million fund also hired active domestic equity managers Forstmann-Leff Associates to handle $6 million in midcap growth and Nicholas-Applegate to run $6 million in small-cap growth. The managers were added for diversification; funding will come from rebalancing, Ms. Saldutti said.