Pompano Beach (Fla.) Police & Firefighters' Retirement System hired Cohen & Steers to run a $7 million global infrastructure portfolio.
The $239 million pension fund's board approved the hiring at its July 13 meeting, recently released meeting minutes show.
The pension fund conducted a shortlist search. Other finalists were CBRE Clarion Group and Lazard Asset Management.
The board at the July 13 meeting also voted to terminate Brookfield Asset Management's $7 million master limited trust portfolio. Earlier board meeting minutes from Feb. 18 show the pension fund had voted to exit the MLP asset class and search for an infrastructure manager but did not provide a reason.
Investment consultant Graystone Consulting assisted.
Debra Tocarchick, the fund's executive director, could not be immediately reached for more information.
