Clearwater (Fla.) Employees Pension Fund will consider a search for REIT and emerging markets equities managers this summer, confirmed Steve Moskun, cash and investments manager. Both are new asset classes, and funding would likely come from a general rebalancing. Asset amounts have not been determined.
Separately, the fund hired Aletheia Research and Management to run $20 million in active domestic large-cap value equities. Funding will come from rebalancing the $583 million funds assets. Its a new allocation; Ark Asset Management already runs $42 million in the asset class for the system. An RFP was issued in December; consultant Dahab Associates assisted.