Sanford Police Officers plan picks Great Lakes

City of Sanford (Fla.) Police Officers' Pension Fund hired Great Lakes Advisors to manage $5 million in active domestic large-cap value equities, said Ben Crawford, spokesman. Buckhead Capital and Crawford Capital were the other finalists. Funding will come from terminating a Russell 1000 Value index account managed by State Street Global Advisors. The assets had been moved to SSgA temporarily after Fox Asset Management was terminated earlier in the year for performance reasons, Mr. Crawford said. Doug Edler, managing director at Fox Asset, could not comment by press time. Officials at the $20 million plan issued an RFP in the first quarter. Dahab Associates assisted.