Dania Beach (Fla.) Police and Fire Retirement System hired Sawgrass Asset Management to run $4 million to $5 million in active domestic large-cap growth equities, confirmed Cathy David, retirement system administrator.
The $26 million pension fund issued an RFP in June to diversify its domestic equity portfolio. Funding will come from reducing Herndon Capital Management's $11 million active domestic all-cap equity portfolio.
Other finalists were Boston Advisors and Loomis, Sayles & Co.
Investment consultant Dahab Associates assisted.