Holland & Knight, Lakeland, Fla., hired Advisory Research to manage $10 million in active domestic large-cap value equities and Davidson Kempner to run $3 million in private equity for its H&K balanced fund, said Linda C. Lake, profit sharing benefits coordinator. The fund is one of 15 options in the firm's $200 million 401(k) and profit-sharing plan.
The value equity funding comes from a $10 million active domestic large-cap core equity portfolio run by Tom Johnson Investment Management, which was terminated for performance, Ms. Lake said. The private equity mandate was funded with cash, she said. Richard Parry, president and senior portfolio manager at Tom Johnson, did not comment by press time.