Gainesville (Fla.) City Employees Pension Fund named Silchester and Sprucegrove as finalists in its search for a $12 million active international value equity mandate, and Dresdner RCM and Oechsle as finalists for a $12 million active international growth equity portfolio, said Tim Christiansen, pension management analyst for the $155 million plan. Funding comes from terminating Zurich Scudder, which managed $24 million in active international core equity. Mr. Christiansen said plan officials decided to have separate value and growth managers. A selection will be made March 21, he said. Summit Strategies is advising.
The plans current asset allocation is 70% equity and 30% fixed income.