Clearwater (Fla.) Employees Pension Fund hired Atlanta Capital and...

Clearwater (Fla.) Employees Pension Fund hired Atlanta Capital and Systematic Financial to run $15 million each in active domestic small-cap value equities for the $439 million system, said Stephen Moskun, cash and investment manager. Partial funding will come from cutting $20 million from a large-cap value portfolio run by Ark Asset, leaving it with $35 million; the remainder will come from rebalancing, Mr. Moskun said. Ark was also a finalist in the small-cap search. Callan Associates assisted.