Miami Fire Fighters' & Police Officers' Retirement Trust hired active domestic small-cap core equity managers Champlain Investment Partners and Eagle Asset Management, pending contract negotiations, said Bob Nagle, administrator. The board has not determined the size of the portfolio, which will be split evenly between the two managers. Officials for the $1.25 billion pension fund terminated NL Capital Management, which ran a $65 million small-cap core equity portfolio, because the investment team working with the fund moved to Champlain, Mr. Nagle said. Champlain is currently running the $65 million.
Milliman USA assisted.