Davie (Fla.) Police Officers' Pension Plan hired Wellington Management to run about $10 million in active domestic small-cap core equities.
The $171 million pension fund issued an RFP in August because of the purchase of assets from incumbent manager PNC Capital Advisors by Federated Investors.
Federated bid for the services and was one of the finalists, said Steven Roth, chief investment officer at investment consultant Dahab Associates, which assisted with the search.
Other finalists were Aristotle Capital Management and Crawford Investment Counsel.
As of Sept. 30, the actual allocation to domestic small-cap equities was 10.4%.
