Miami Beach (Fla.) Firefighters' & Police Officers' Pension Plan hired RhumbLine Advisers to manage a $30 million passive international equity portfolio, said Donna Brito, executive director, in an e-mail.
Funding comes from the $789 million pension fund's termination of WHV Investments from a $30 million active international equity portfolio.
RhumbLine already runs a $69 million passive domestic equity portfolio for the pension fund.
Investment consultant Thistle Asset Consulting assisted.
Ms. Brito did not reply to requests for further information.