West Palm Beach (Fla.) Police Pension Fund hired RhumbLine Advisers to run an $11 million passive domestic midcap growth equity portfolio, said John McCann, consultant at The Bogdahn Group, the $266 million pension fund's investment consultant, in an e-mail.
The pension fund conducted an invitation-only search in June following the termination for performance of Oak Ridge Investments from an active domestic midcap growth equity portfolio, and interviewed Eagle Asset Management, Janus Capital Group and Westfield Capital Management as potential replacements.
The board, which moved in June to park the assets in an index fund managed by RhumbLine, voted to keep the assets with RhumbLine.
Phil Callahan, executive vice president at Oak Ridge Investments, could not be immediately reached to provide comment.
David Williams, pension fund administrator, referred questions to Mr. McCann.
