Dania Beach (Fla.) Police and Fire Retirement System hired Glovista Investments to run about $1.5 million in active emerging markets equities, confirmed Cathy David, administrator.
The $25 million pension fund issued an RFP in March after deciding to add a third manager to its 15% international equity allocation.
Baring Asset Management and ICC Capital Management are the current international equity managers.
Ms. David did not have further information.
Investment consultant Dahab Associates assisted.