Searches and Hires

Lauderhill Firefighters seeks value equity manager

Lauderhill Firefighters' Retirement System, Palatka, Fla., is searching for an active domestic large-cap value equity manager to run about $7 million, said Steven Roth, chief investment officer of Dahab Associates, the $79 million pension fund's investment consultant.

The pension fund issued an RFP because current manager Systematic Financial Management is closing its large-cap value equity strategy, Mr. Roth said.

As of Dec. 31, the pension fund's actual allocation to domestic large-cap equities was 36.2%.

The RFP is available on Dahab's website. Proposals are due at 5 p.m. EDT on May 16. A timeline for a decision has yet to be determined.

Dahab Associates is assisting.

Barbara White, plan administrator, could not be immediately reached to provide further information.