Sunrise (Fla.) General Employees' Retirement System hired Lazard Asset Management to run about $12 million in active international value equities, confirmed Grant Kalson, managing director at Dahab Associates, investment consultant to the $140 million pension fund.
The strategy will be benchmarked to the MSCI ACWI ex-U.S. value-weighted index and will contain a “reasonably healthy emerging markets component,” said Mr. Kalson in a telephone interview.
An RFP was issued in January.
Mr. Kalson would not provide further information.
Phone calls to Pauline Testagrose, senior treasury analyst for the city of Sunrise, were not returned by press time.