Fort Lauderdale (Fla.) General Employees Retirement System is looking to invest $10 million in active domestic smidcap value equities for the first time. The $325 million fund ism looking for a manager to run the new allocation as well as a firm to manage $35 million in active domestic large-cap value equity, confirmed David Desmond, plan administrator. Funding for both will come from a $45 million active domestic large-cap value equity portfolio run by Deutsche Asset Management, which was terminated because the firm discontinued the strategy, Mr. Desmond said. The system currently has about $100 million invested in large-cap value equities. Final presentations in both searches are scheduled for July 10.