Pinellas Park (Fla.) Police Officers’ Pension Fund hired Garcia Hamilton & Associates to manage a $6 million active domestic core fixed-income portfolio, said recently released board meeting minutes.
The $56 million pension fund conducted an invitation-only search for a fixed-income manager to complement current manager Sawgrass Asset Management’s portfolio. Funding comes from reducing Sawgrass’ portfolio in half, leaving it with $6 million.
Dodge & Cox was the other finalist.
Investment consultant The Bogdahn Group assisted.
Minh Huynh, city human resources analyst, did not immediately respond to a request for further information.