Miami Beach (Fla.) Retirement System named Delaware Capital...

Miami Beach (Fla.) Retirement System named Delaware Capital Management, Wentworth, Hauser & Violich and Lazard Freres Asset Management as finalists in its search for a manager to run $10 million in active international ADR equities, said Rick Rivera, pension administrator for general and unclassified retirement funds. Board members at the $205 million general employees pension plan expect to make a selection April 22, he said. The funding source has not been determined. The plan’s asset allocation is 60% equity and 40% fixed income. Milliman USA is advising.