Pensacola (Fla.) Firefighters Relief & Pension Plan hired three active domestic equity managers, said Cheryl Jackson, senior administrative officer. Davis Hamilton Jackson will run $10 million in large-cap growth; DePrince, Race & Zollo, $3 million in small-cap value; and J. & W. Seligman, $3 million in small-cap to midcap growth. Partial funding came from a $10 million active domestic large-cap growth equity portfolio, managed by Fleet Bank, terminated for performance; the remainder came from rebalancing, she said. Merrill Lynch advised.
Alison Gibbs, spokeswoman for Fleet, did not return calls seeking comment by press time.
