Daytona Beach (Fla.) Police & Fire Pension Fund hired INTECH and Kennedy Capital to run a total of $24 million in active domestic equities for the $85 million plan, said Nick Schiess, administrator with third-party administrator Pension Resource Center. INTECH will run $20 million in large-cap growth, while Kennedy will handle $4 million in small-cap core, Mr. Schiess said. Partial funding came from the performance-based termination of Alliance Capital, which ran $22 million in an active domestic large-cap growth equity portfolio, Mr. Schiess said. Additional funding came from cash.
John Meyers, Alliance spokesman, declined comment.