Searches and Hires

Lauderhill Firefighters on lookout for small-cap core, midcap core equity managers

Lauderhill Firefighters' Retirement System, Palatka, Fla., is searching for domestic small-cap core and midcap core equity managers to run a total of $12 million to $14 million, said RFPs posted on the website of Dahab Associates, the $82 million pension fund's consultant.

The pension fund issued two RFPs for a small-cap core equity manager to run between $6 million and $7 million and a midcap core equity manager to run $6 million and $7 million. The RFPs did not specify whether active or passive managers will be hired. Current manager information for the two strategies was not available.

According to the pension fund's website, there are currently four equity managers: Brown Advisory and Systematic Financial Management run active domestic large-cap equities, State Street Global Advisors runs a domestic large-cap equity index fund, and Loomis Sayles & Co. runs an active domestic smidcap equity portfolio.

The small-cap RFP and midcap RFP are available on Dahab's website. Proposals for both RFPs are due at 5 p.m. EDT on April 16. A timeline for a decision has yet to be determined.

Barbara White, plan administrator, and Steven Roth, Dahab's chief investment officer, could not be immediately reached to provide further information.