North Port (Fla.) Police Officers’ Pension Fund liquidated its $2 million investment in an international equity mutual fund managed by WHV Investments, recently released board meeting minutes said.
The $33 million pension fund elected to liquidate the investment due to personnel changes at WHV Investments. The pension fund added $2 million to its investment in the American Funds EuroPacific Growth mutual fund managed by Capital Group, giving it $4 million.
Investment consultant The Bogdahn Group assisted.
Linda Runkle, plan administrator, was not available to provide further information by press time.