Cocoa (Fla.) Firefighters' Pension Fund hired active domestic large-cap equity managers Buckhead Capital and Capital Management Associates to manage roughly $3 million each in value and growth, respectively, subject to final contracts, said Gregory A. McNeillie, senior vice president at plan consultant Dahab Associates. The $10 million fund also selected Richmond Capital to manage about $3 million in active domestic fixed income, also subject to contract negotiations. The pension fund issued an RFP for both asset classes in the fourth quarter.
The firms replace Freedom Capital, which ran a $9 million balanced portfolio for the pension fund and had been on watch for performance. Michael Spencer, Freedom Capital CIO, declined to comment on the matter.
John Titkanich, the city's economic development director and a member of the pension board, did not return a call seeking comment by press time.