Dania Beach (Fla.) Police and Fire Retirement System hired GW&K Investment Management and New Amsterdam Partners to run $2 million each in active domestic core equities, confirmed Steven Roth, director of manager research at Dahab Associates, the $25 million pension fund's investment consultant.
GW&K will run a small-cap strategy, and New Amsterdam will run a midcap strategy.
RFPs for both strategies were issued in September. Funding will come from reducing portfolios of domestic all-cap equity managers. No managers will be terminated.
Other finalists for the small-cap search were Cortina Asset Management and Tributary Capital Management, and other finalists in the midcap search were Nicholas Investment Partners and Stewart Investment Advisers.
Robert Baldwin, Dania Beach city manager, did not return a phone call by press time.