Pensacola (Fla.) Firefighters Relief and Pension Plan is compiling a shortlist in its search for domestic midcap to small-cap equity managers to run $3.5 million each, one in growth and one in value, said Cheryl Jackson, senior administrative officer. Officials at the $72 million plan have not decided if the portfolios will be active or passive. Funding will come from rebalancing, she said, and no deadline has been set for the selection.
Separately, the plan has selected five finalists in its search for a manager to run $12 million in active domestic large-cap growth equities, Ms. Jackson said. The finalists, which she would not identify, will make presentations next month; funding will come from a $12 million active domestic large-cap growth equity portfolio managed by FleetBoston Financial, which was terminated for performance, she said. Dennis Schain, spokesman for FleetBoston, declined to comment.
