Sunrise (Fla.) General Employees' Retirement Fund hired WEDGE Capital Management to run $24 million in active domestic midcap value equities, said William E. Dahab, principal and director of research at Dahab Associates, the $160 million pension fund's investment consultant.
The pension fund issued an RFP in December because of the underperformance of incumbent manager Systematic Financial Management; the firm was a finalist along with LSV Asset Management and Principal Global Investors.
Kevin McCreesh, Systematic's chief investment officer, did not return a phone call seeking comment by press time.
