Florida municipal fund prepares for hiring

The Fort Lauderdale (Fla.) General Employees Retirement System will interview finalists on May 14 in its search for a firm to run $37 million in active domestic large-cap value equities, said David Desmond, pension administrator. The finalists are Brandywine Asset, Cooke & Bieler, High Pointe Capital Management and DePrince, Race & Zollo. The new manager will replace Rorer Asset Management, which runs a similar portfolio for the $285 million plan. Trustees launched the search because of concerns over Rorer's performance, Mr. Desmond said. Rorer was invited to rebid but did not submit a proposal, he said. Trustees will likely make a selection at the May 14 meeting. Dahab & Associates is assisting. Rorer officials declined comment.