Pinellas Park (Fla.) Police Officers' Pension Plan hired Sawgrass Asset Management to run $2.5 million in active domestic small-cap growth equities, said Denise Cowdrick, pension specialist. Officials of the $25.8 million plan terminated the Lord Abbett Growth Opportunities fund to move to separate accounts. The $29 million Pinellas Park Firefighters' Pension Plan invested $2.2 million in the Calamos Growth fund, taking the money from the Lord Abbett Growth Opportunities fund, which plan officials terminated in search of lower fees, Ms. Cowdrick said. Consultant Merrill Lynch assisted in shortlist searches for both plans.
Separately, officials of the $37.6 million Pinellas Park General Employees' Pension Plan will interview finalists Bennett Lawrence Management, Eagle Asset Management and Sawgrass April 20 as part of a shortlist search for an active domestic small-cap growth manager to run $2.3 million, Ms. Cowdrick said. Plan officials will replace the Lord Abbett Growth Opportunities fund in favor of separate accounts. Merrill Lynch is assisting.