Fort Lauderdale (Fla.) Police & Fire Retirement System hired Lazard Asset Management and Hansberger Global Investors to run about $13 million each in active international equities, confirmed Fred Nesbitt, the $471 million system’s director of public information.
Funding comes from the termination of Artio Global Investors, which ran the assets in a similar style, for performance. Neil Shapiro, spokesman for Artio, did not return a phone call for comment by press time.
Manning & Napier was the other finalist.
CapTrust Financial Advisors assisted.