Fort Lauderdale (Fla.) General Employees' Retirement System hired Global Capital Management to run $8 million in active domestic small-cap to midcap growth equities, said David Desmond, administrator. It is a new allocation for the $296 million pension plan. Funding will come from reducing an $81 million active domestic large-cap growth equity portfolio run by Davis Hamilton Jackson. The system issued an RFP in the fourth quarter; fund officials wanted further diversification.
Dahab Associates assisted.