Orlando, Fla., hired TCW to run $25 million in an active global blended portfolio for its $150 million general employees pension plan, a new portfolio, said Kent R. Olson, treasurer. Funding will come from rebalancing.
Separately, the city is conducting a shortlist search for an active international growth equities manager to run $30 million for the city's $300 million police pension plan and $200 million fire pension plan, Mr. Olson said. A selection is expected in mid-September; he would not provide further details.
Kalson & Associates is consultant.