Fort Lauderdale (Fla.) Police & Fire Retirement System hired Aristotle Capital Management to run $22 million in active domestic large-cap value equities, said Fred Nesbitt, director of public information.
Other finalists in the invitation-only search were Diamond Hill Capital Management, Great Lakes Advisors and Seizert Capital Partners.
Funding comes from the $783 million pension fund’s termination of Systematic Financial Management, which ran a similar portfolio, due to performance.
Kevin McCreesh, Systematic chief investment officer, did not return a phone call seeking comment by press time.
Investment consultant CapTrust Advisors assisted.
