Sarasota Employees’ Retirement Funds hired Lord Abbett to run $20 million in active domestic large-cap value equities, replacing INVESCO, said Hector Ruiz, pension manager for the $83 million system. INVESCO was terminated for performance, he said.
Bill Hensel, director of media relations at INVESCO, declined to comment on the termination; INVESCO continues to run $21 million in active domestic fixed income for the system.
