FUNDRAISING NEWS | September 17, 2024
The City of Fort Lauderdale Police & Firefighters’ Retirement System has approved the selection of GQG Partners to serve as the new international equity manager, according to recently published meeting minutes.
Manager presentations were made to the board by GQG Partners and Harding Loevner. After review, GQG was selected on a unanimous vote to be brought on as the new international equity manager for the retirement fund.
GQG will take the place of Lazard Asset Management, receiving its full $88M allocation.
According to its June 30 performance report, Fort Lauderdale Police & Fire has a market value of $1.18B in managed assets, allocating 14.61% to international equities with a policy target of 15%.
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Jane Bailey is a Marketing Associate at Dakota.
