Hollywood (Fla.) General Employees' Pension Fund hired Cooke & Bieler and Thompson Siegel & Walmsley to run a total of $55 million in active domestic equities, said Carlos Garcia, city finance director and treasurer of the $170 million system. Cooke & Bieler will run $41 million in large-cap value, and Thompson Siegel will handle $14 million in small-cap growth, Mr. Garcia said. Funding came from the performance-based terminations of large-cap value manager INVESCO Institutional and small-cap growth manager Pilgrim Baxter, Mr. Garcia said. Segal Advisors assisted.
"We understand and respect our client's decision. We look forward to the opportunity to manage money for them again in the future," said Bill Hensel, spokesman for INVESCO parent AMVESCAP. Howard Monaghan, Pilgrim Baxter spokesman, declined comment.