Several funds recently announced finalists in their searches for asset managers and other service providers.
The San Bernardino County (Calif.) Employees' Retirement Association named Mazama, William Blair, Delaware Investments and Harris Investment Management as finalists in its search for a manager to run $150 million in active domestic small-cap growth equities, said Don Pierce, investment officer.
The $4.5 billion fund's board is expected to choose a manager at its Dec. 13 meeting. Funding will come from the portfolio's former manager, Nicholas-Applegate, which was terminated for performance earlier this year.
New England Pension Consultants assisted.
The $7.4 million Sanibel (Fla.) General Employees' Retirement Plan selected Dana Investment Advisors, HGK Asset Management and Hutchens Investment Management as finalists in its search for an active domestic large-cap core equity manager to run about $3.4 million, said Renee Lynch, city finance director.
She said fund officials plan to terminate State Street Global Advisors, the existing portfolio manager, for performance. Arleen Roberts, SSgA spokeswoman, did not return a call seeking comment by press time.
The board might consider local firm Sanibel Captiva Trust, which has not yet submitted an RFP. Finalists will make presentations at a special meeting Jan. 12, when the board will likely make a selection. Dahab Associates is assisting.
The plan's asset allocation is 45.2% domestic equity, 9.2% international equity, 45.1% fixed income and 0.5% cash.
And the Florida State Board of Administration, Tallahassee, selected JPMorgan Investor Services, Mellon Global Securities Services and State Street Bank as finalists in a search for global custody services for the $102.4 billion Florida Retirement System and nearly $2 billion in other assets.
The search was conducted because State Street's contract was expiring.
The board expects to award a contract in February.
R.V. Kuhns & Associates is assisting.