Pinellas Park (Fla.) General Employees’ Pension Fund hired Great Lakes Advisors to manage a $4.5 million active domestic smidcap equity portfolio, said Dan Johnson, director and senior consultant at AndCo Consulting, the pension fund’s investment consultant, in an email.
The $74 million pension fund conducted a shortlist search, and the pension fund’s board approved the hiring at its Jan. 26 meeting. Other finalists were Atlanta Capital Management and LazaLazard Asset Managementnd Lazard Asset Management.
Funding comes from a $9 million domestic all-cap equity index fund managed by Vanguard Group. The pension fund moved the remaining assets to a domestic large-cap equity index fund also managed by Vanguard.