Tamarac (Fla.) General Employees' Retirement System and Police Officers' Pension Fund are searching for at least one active international equity manager to run $2 million and $1 million, respectively, said Gregory A. McNeillie, senior vice president at plan consultant Dahab Associates. Both the $18.3 million general employee plan and the $10 million police fund will replace the portfolios' previous manager, State Street Global Advisors, for performance, he said. Hannah Grove, SSgA spokeswoman, did not return a call by press time seeking comment.
Mr. McNeillie said the plans could hire the same manager or each could hire a different firm. Mr. McNeillie and plan officials will review and rate the proposals in February, but a timeline for interviews and a selection has not been determined.
Lillian Pabon, secretary of the general employee plan's board, referred questions to third-party administrator First Benefits Services. Dan Gatzulis, administrative manager of First Benefits Services, and Barbara Chovan, chairwoman of the police pension board, referred questions to Mr. McNeillie.